Since price is making higher highs and higher lows, the Counter Trend Line on the Weekly chart was adjusted. This means that price is retracing Bullish inside the Down Fibonacci AB Boundary. Next siginificant level of horizontal resistance is the round number at 1.3200. I can see that the Daily Fibonacci D extension was hit and therefore I regard price as overbought. I'll wait for a retracement on the Daily time frame before I consider a Buy trade.
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