The resistance level at 1.0270 is still holding the bulls at bay and the pair is consolidating just below this zone. A confirmed breach of the mentioned key resistance would pave the way for the pair towards the next key resistance zone at 1.0383. However, a development of a short-term consolidation in the range of 1.0180 – 1.0270 is a highly possible scenario, before the bulls could attempt to take control and lead the pair above the resistance at 1.0270. On the other hand
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