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Currently, the pair is fluctuating around the lower boundary of the pattern and the lower trend-line together with the daily S1 are holding the pair into the pattern's trading range. There is a high possibility of the currency pair trading around the 0.84 level in the short-term, as the technical indicators are neutral in all the given time frames. However, the SWFX traders' believe that the pair is already oversold, namely 72% of them. All in all, wee that the pair has more downside risks, thus a decline seems more likely.
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