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Cable falls below 1.2700

USD
  • Cable is now through the 1.2700 figure, a function the broader base bid in the Dollar, after Global Equities pared their overnight opening gains.
  • Next immediate target is at 1.2672 50.0 retracement of the Apr 22 - Jul 17 bull cycle.
  • For the EURUSD, the support area is eyed at 1.0893 Low Aug 5, followed by 1.0852 20-day EMA.

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