Price has been rejected from fibonacci 0.382 level many times and we can see ABCD pattern too on fib ratio , hence creating FIB confluence zone. Might visit 1.2650 , Remaining short till clear break above resistance.
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Price is entering our price range as expected , moved below 0.382 retracement of wave CD , awaiting break below 50% to target 0.618 @ 1.260