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Accordingly, there is a good chance of a sell-off, which should be limited by the trend-line, 200-hour SMA and weekly PP. If this support area fails, there is likely to be a decline at least down to 1.35, while a close above 1.3750 is expected to result in a rally towards 1.3930. Meanwhile, the SWFX traders are mostly Euro-bears, being that 66% of open positions are short.
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