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The trading range is narrowing and thereby the possibility of a break-out is increasing. Although, the SWFX traders' sentiment is neutral for the time being with 52.42% of them having opened short positions. Meaning that the pair might re-test the major level at 190 or slide towards the 182 level once again. However, the 4H technical studies are pointing strongly to the upside, suggesting that the possibility of a bullish break-out is bigger than of a bearish one.
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