The pair has traded in a narrow 50 pip range so far on Wednesday. The cross seems content to consolidate around the 1.2850 area. The long as the pair remains above the 1.2850 level favors a push higher. Resistance begins around 1.29 followed by the descending trend line near 1.2990. A break from this level favors the .382 fib from last months accent at 1.2742.
Sup 1.2820 .382 Fib 1.2742
Res 1.29 1.2990/30
Keane Plan....Watching the price action around 1.2850.
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