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Currently, the pair is moving towards the major level at 7.76, which is also complemented by the pattern's resistance or the neckline. We expect that the pair will continue to advance for the time being, as it already has managed to break above a cluster of resistances (200-period SMA, weekly and monthly PP) around 7.7570 level. Moreover, a distinct majority of the SWFX traders also anticipate the pair to appreciate as 74.72% of them have opened long positions.
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