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Currently, the Greenback is moving closer to the pattern's resistance line at 11.1950. Meaning that the upper trend-line is likely to be challenged, also the hourly technical indicators are mostly bullish. However, the SWFX traders' do share a different outlook as 54.20% of them have opened a short positions on the pair. If the current pattern is breached to the upside, then the pair's bulls could push the pair towards the 11.40 level, which is around October and November high.
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