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They are doing the ranging game again
As soon as they get enough suckers on one side, there will be a new break
It may likely reach even 1.1150, especially considering the doji candlestick on the four-hour time frame.
It is stuck at the psychological level. We shall see the next week
The decline seems limited this week, the pair found support level at 1.1200. But it could be a different story with many economic data coming next week.
Yes, it seems that level 1.12 is a support - for now