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Currently, the pair is vacillating close to the apex that will be reached later in the day. This solidifies the view that the real breakout is looming; however, the direction of the exit is not clear since SWFX participants are not univocal on the pair-around 52% of them are bullish and circa 48% are bearish. Technical indicators also send mixed signals, pointing to a rally in the short-term and to a decline in the medium-term. In the one-day period, technical signals are neutral.
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