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The price is moving within a descending channel on the 1-hour frame and is expected to break and continue upward.
We have a trend to stabilize above the 100 moving average once again.
We have a downtrend on the RSI indicator that supports the upward move with a breakout.
We have a support area at the lower limit of the channel at 0.6300, acting as strong support from which the price can rebound.
Entry price: 0.6360
First target: 0.6460
Second target: 0.6580
Third target: 0.6700