The legend in the InstaSpot team!
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Fig. 1 (Daily Chart).
Composite Analysis:
Overall conclusion: Uptrend.
Alternative Scenario:On Thursday, the market may continue upward from the 1.1594 level (yesterday's daily candle close), targeting 1.1608, the historical resistance level (blue dashed line). When testing this level, the price may roll back downward toward 1.1556, the historical support level (blue dashed line).
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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