On the 1 hour chart, we can see that we have a downward trendline and the 61.8% Fibonacci retracement level adding some extra resistance to the 1.3680 level. This is the area where the sellers will keep on piling in from to position for a drop, while the buyers will want to see it failing to gain more conviction for an extension to the upside. The Horizontal ray define the average daily range for today.
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Today we get the latest US Jobless Claims figures, while on Friday we conclude the week with the Canadian GDP and the US PCE report.