i agree with the consolidation comment,
but why is it more likely to go up?
being bias to the upside just for the sake of it is a dangerous mindset to have.
it is equally as likely to fall after this consolidation.
you will have to wait for the market to tell you which way its breaking - you will have confirmation only then IMO.
but for now, yes, its very much consolidation after undershooting at 0.76 and overshooting to 1.12.
consolidating nicely, page-2
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