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The daily and the hourly would suggest it is in an uptrend but the 15 min is sideways. It is just above the weekly resistance 1.048. If Frankfurt & London push it below this it should fall a few pips. If they push it higher tonight then 1.054 is resistance. With a spread of 4.9-5 you are only chasing 30-40 pips after conformation. There are better pairs at the moment. It may keep going if it pushes above 1.055 and the weekly up trend conformation might set in. If anything, very risky, large spread.
