TECHNICALS: Support levels on the daily chart are breaking down and further losses look very likely (see chart). Volatility is also picking up so we can expect wide intraday ranges. Patience is still required but I suggest a .9970/1.0220 range over coming days with a marked bearish bias. Initial intraday resistance starts at previous lows near 1.0115 and support at the overnight lows just above 1.0050.
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