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During this week, the Euro/Kiwi currency pair has been hovering just above the pattern's lower boundary, while showing no major intentions to start growing. The only attempt took place on Thursday, but the common currency's advance was immediately stopped by 55-day SMA at 1.5443. At the same time, there are still high chances that the Euro will bounce off the trend-line during next few days. A considerable support is additionally provided by the monthly pivot point at 1.5350. Moreover, bullish scenario is broadly supported by short and medium-term technical indicators. In the long-term, however, the Euro may begin losing value, as suggested by 74% of SWFX traders and weekly technical studies.
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