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At the moment a very strong support for the cross is provided by a dense demand area around 8.27 (weekly and daily PP; 55-hour SMA). Moreover, this cluster of supports is followed by the next demand around 8.25. We do not see these line to be crossed in the foreseeable future; thus, outlook remains supportive for the US Dollar. Right now 53% of SWFX traders are bullish on the Greenback, while 4H and daily technical indicators are also giving signals to acquire the American currency versus the Swedish Krona.
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