A major breakdown is likely if $1.3000 gives way.
I wrote last Wednesday that the price continued to consolidate below $1.3181 over the past week, drifting down to arrive at the half number at $1.3050 which has been informally supportive.
As there are no support levels close by below $1.3000, so I thought the price could have a lot of room to fall further without meeting any supportive obstacles.
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