© Dukascopy
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Daily
maximum: 1.5691
S1 at 1.5567 has successfully repelled price's attack and has sent it up to 1.5681. The present rally is though unlikely to climb over the latter level, which is reinforced by 55-hour exponential moving average. Since most of indicators are neutral or mutually exclusive, it is expected to continue trading sideways and no extensive movements are thus foreseen in the nearest future.