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XBRUSD: Descending Channel

XBRUSD, H4

XBRUSD navigates within a bearish channel, facing the 70.30 resistance.

  • The 9-MA crosses the 14-MA, while the RSI crosses the mid-line upwards, giving a bullish sentiment.
  • Consider a long trade, if the price breaks above the channel, with the target at 72.30 level.

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