Advice: A lot of bearish power, both technical and fundamental. The pair has a lot to fall to 1.2325 (the most important support for now). First of all we have to wait for todays Bernanke speech. We expect range trade range between 1.2485 and 1.2520 before that. Use this range during the day to open short position with stop over 1.2595 and targets - 1st 1.2460 and 2nd 1.2325. Good luck.
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