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However, at the same time the currency pair has reached an important resistance level at 1.9660 that is considered to be a threat to further advancement of the price, as it has proven to be a significant to the market in the past. But if the rate retains the current momentum, the rally could extend up to 1.97 before there is a bearish correction. Alternatively, if the bulls give in, a cluster of supports at 1.9533 may be able to help them regain strength.
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