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UK retail sales and US inflation are major event risks next week.



The daily price is located below Ichimoku cloud in the bearish area of the chart: the price is on ranging within 1.2666 resistance level for the bear market rally to be started with 1.2957 target to re-enter and 1.2457 support level for the bearish trend to be continuing with with 1.2165 re-enter target for possible daily breakdown.

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