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At the moment, the pair is challenging the lower trend-line of the pattern. Moreover, if the daily S1 and 100-period SMA does not halt the current retreat then a sell-off could occur. The target level for the bearish traders is the major level at 11.00. Also, the traders' sentiment is to the downside, as 54.60% of the open positions are short. For bullish scenario the pair cannot fall below the weekly S1 and 100-bar SMA.
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