The market currently finds itself in a range zone following a downward impulse move.
The price continues its movement towards the resistance zone and upper border of the channel.
A potential range formation is taking shape.
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In my analysis, I believe there is a possibility of a downward move if the price retraces back to the recent resistance level, which previously caused a decline.
Should the resistance zone at 2036-2040 be rejected, it indicates a higher likelihood of the price heading downwards.
Therefore, my target remains set at the recent support level around 2004.
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