The market is currently in a ranging phase after experiencing a decline from the resistance zone.
It is presently testing the downward trendline and acting as resistance.
There was a bounce in the market from this zone, characterized by an impulse move.
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In my analysis, I anticipate the market to continue ranging until the release of relevant news.
The price action has demonstrated two rejections at this level on higher timeframes, leading to a significant bearish move.
As a result, my target is set at a support level approximately around 2014.
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