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At the moment, the pair is hovering beneath the 1.62 mark; although, this level remains the short-term target. Nevertheless, the daily and weekly technical indicators are pointing to the south, suggesting that the current trend is likely to continue. The SWFX traders' are more or less neutral, as 52.62% of them have opened long positions on the pair. To our mind, the 200-period SMA and monthly PP at 1.6302/04 is the target for the time being.
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