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According to the 4-hour chart, EUR/USD is moving sideways now. You can see the current price in the Maroon Rectangle Box, but for now Fiber may go down approximately between the levels of 1.1764 - 1.1742. This downward movement is already confirmed by the William %R Oscillator that is already at the Overbought level (-20). Although, the downward movement will be automatically canceled if the Fiber goes up and moves above the 1.1817 level.
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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
On the hourly chart, the GBP/USD pair continued its decline on Tuesday and consolidated below the 161.8% Fibonacci retracement level at 1.3520. This means that the downtrend could continue today
With the appearance of Convergence between the movement of the AUD/JPY currency pair against the Stochastic Oscillator indicator and also confirmed by its price movement which is moving above
On the other hand, if gold maintains bullish momentum, the price could break above resistance at 3,330, and then we could expect a new bullish sequence, potentially reaching 3,437
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