Despite intra-day brief bounce to 1.6882, current sharp retreat in part due to the release of soft UK data and intra-day breach of 1.6802-04 (previous support and 61.8% Fibonacci retracement of 1.6732-1.6921) suggest rebound from 1.6732 has possibly ended at 1.6921 last week and consolidation with downside bias is seen
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