The pair is consolidating without hitting higher highs or lower lows. The lower limit of the range is clearly 1.4842 and the upper limit is 1.4967. 1.4876 and 1.4921 are the intraday retracement levels, giving us a 120 pips range while it lasts. If it breaks any of those levels, it will jump many stops, especially upwards, so one must be careful.

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