The price has successfully aligned with my previous analysis.
It is currently approaching the support level.
The market has been consistently rebounding off both the resistance and support levels, creating a range-bound environment on the 4-hour timeframe.
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However, it is important to note that the overall trend on the daily timeframe remains bullish.
Considering this, I anticipate the market to continue ranging, with a potential upward movement if the price rejects the support level. My target is set at the resistance zone around 1.09650.
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