The market is making progress towards the resistance zone after a rebound from the support level.
A descending channel has formed on the 4-hour timeframe, indicating a temporary pullback.
However, it’s important to note that the overall trend on the daily timeframe is bullish.
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Considering these factors, I anticipate a potential retest of the resistance zone and an update of swing highs.
My target is set near the resistance level at 170.195.
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