4hr supply zone has held, pushed Price downwards and broken the upward trend channel that has contained Price movement since last week.

I have a chart pattern which correlates with the current Price movement in play which signifies that we have enough momentum to see 1.2511 today with the help of NY PMI news or probably this week.

3 Points rejection on a 4hrs supply zone plus DXY taking a turn for the upside, I would advise looking for selling opportunities.

First target is 1.2511

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Chart PatternsgbpusudTrend Analysis

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