Yesterday´s price action remained well within the areas noted on last post. Price respected the areas posted with great accuracy
1.2790´s is being challenged as I´m writing, which happens to be a key price point for maintaining the upside momentum. Several POC´s are located within this area (1.2782/1.2784/1.2787)
I was expecting some more upside momentum yesterday, which never really materialized. It is something to take into account, in lieu of the gains experienced in risk
assets. Relative weakness from the pair.
The main area to watch is 1.2770-1.2724, in which I expect buyer´s to show up. I would not discard some further rotation into this area. However, I do not want the price to trade near the 1.2689-1.2676, since that would be a sing of possible new lows.