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EURUSD – 1.2123 holds the key. Important price session for the majors

A quick post to highlight the key level that the EURUSD is sitting on pre -London open. Will be a very important session regarding the next directional move for the major currency pairs. A confident breach below 1.2123 will likely see the EURUSD downside accelerate and re-enforce our USD short term bullish bias. On the flip side, if 1.2123 holds, then, continued USD weakness is likely to be observed. KEY SESSION!

1. EURUSD – 4hr Chart: Moment of truth!