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However, as long as support at 132.70 remains intact, our outlook will be neutral, being that this demand level consists not only of the lower trend-line of the channel, but is also reinforced by the weekly PP and 200-hour SMA. At the same time, the technical indicators are mixed, and the SWFX market participants are undecided—the numbers of long and short positions are equal. Below this cluster the price will likely target November low at 129.70.
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