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Despite the fact of rather volatile trading, pair has been developing in the ranks of a Channel Up pattern rather well. However, it is likely that pairs depreciation after hitting pattern's resistance recently was rather inclined. As a consequence we could see a bearish correction, which should be stooped by some of the resistance levels. Overall pair, is likely to continue moving towards the pattern's support in the short term and bouncing from it afterwards (medium term technicals). Ling term technicals point at strong chance that the pattern will be breached upwards.
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