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As we can see, the currency pair has been in consolidation for 4 days. The designated area is held by investors so that the position can be played within 50 pips. Currently, we are waiting for the breakout of the marked area and then it will be possible to look for an entry in a position consistent with the breakout up or down. I think that today the situation will clear up because Europe is expecting some less important data and America is waiting for the Consumer Price Index (CPI).

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