The 4 hours chart also shows 20 SMA aiming higher well below current price, offering dynamic support around 1.6050, while momentum turns north well above its midline after correcting overbought readings. Some follow through beyond mentioned 1.6125 price zone should see the pair advancing towards 1.6160 price zone in the short term, while above this last, 1.6200 comes next. Below 1.6100 on the other hand, 1.6050 comes as the probable bearish target of the day.
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