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On the 4-hour chart of the main currency pair EUR/USD, apart from the appearance of the Bullish 123 pattern and the deviation between its price movement and the Awesome Oscillator indicator, it gives an indication that in the near future Fiber has the potential to appreciate upwards and penetrate the level of 1.0727. If this level is successfully penetrated upwards then EUR/USD has the potential to continue its strengthening up to the level of 1.0764 as the main target and if the momentum and volatility support it then the level of 1.0787 will be the next target which will be tried to be tested but all of these strengthening scenarios will become invalid and cancel by themselves if on the way to strengthening suddenly there is a correction weakness that penetrated below the level of 1.0680.
(Disclaimer)
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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