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Having approached the apex, the pair exited the bullish pattern but the breakout did not lead to either a jump or a decline since the pair is trapped by the pattern's resistance at 1.1043 and the 50-hour SMA at 1.1022 that restrict the pair's moves. In the hours to come, the pair may remain steady given the SWFX sentiment showing that proportions of long and short positions are almost equal.
© Dukascopy Bank SA