Underside of diagonal UTL seems to have been backtested in an expanding flat overnight, also testing the regression channel of the move up from 1.3431. However, the bounce up came from the 38.2% retracement line and price still sits above the MMA Wave on the 24 pip range bar chart. I still think the 1.3400 area is a key line in the sand with numerous technical supports, so will bank shorts there unless there is a pile driver through it, but there is still some work to do to get this move downhill moving.
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