On the 4-hour chart, ripple is moving in a downslope channel. The bias is still bearish. After it broke out and closed above the 0.2413 level, ripple may rise and reach the 0.2550-0.2553 levels. This scenario is unlikely to occur if it declines and closes bellow the 0.2280 level.
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The material has been provided by InstaForex Company - www.instaforex.com
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