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Preferred scenario: short positions at the 1.2600 levels, targeting the 1.2400 then 1.2330 levels
Alternative scenario: long positions above 1.2600 levels, targeting 1.2650 then 1.2740 levels
Comment: The pair is trading in the lowest moving averages (200 - 100), and the liquidity flow index is in an area at overbought levels.
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