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The currency pair is now ready for the break-out since the triangle's apex has been reached. Taking into account that since September the market has been more or less bearish there is an increased likelihood of a decline, which could potentially extend towards the daily S1 at 0.8258. However, the majority of the SWFX market participants expect a bullish break-out since as many as 73% of them have opened long positions. In the shorter term technical studies are more to the upside; although, there is no unanimity.
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