When you go into a key event like a central bank rate decision, the potential for a fundamental move in the price action increases. That is reflective in the technical levels too. IN this video I outline what would need to happen to increase the bearish bias (the bias is tilted to the downside marginally). More specifically, getting below the 38.2% retracement of the move-up from the December 27 low at 1.34019. Get below that level - and then the 50% midpoint at 1.33588 - would add to the bearish bias.Conversely, with the price currently below its 100 and 200-hour moving averages near 1.34648, getting above that level and then the 200 day moving average at 1.34821 would be needed to increas
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