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Several hours earlier, the pair started a retreat from the second peak of the formation. Surprisingly, the weakness was short-lived as the 50-hour SMA at 1.0214 managed to mollify selling pressure thus helping the pair to reverse its trend. Meanwhile, the SWFX numbers indicate that almost 70% of all orders are placed to buy the pair. This confirms the pair's unwillingness to decline to the neck-line and suggests that we are not likely to see a breakout any time soon.
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