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The formation of the falling wedge pattern could point on changes in the current trend, since this is a reversal pattern. The SWFX market participants have the same idea about the current development of the pair, as 72.34% of them have opened a long positions. The 1H technical studies are also bullish, thus increasing the possibility of an advance in the short-term even more. The target level is the 10.00 mark, while in the shorter term monthly PP; weekly and daily R2 around 9.80.
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