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Pair is technically bearish short-term, as the price continues developing below its 100 and 200 SMAs, with the shortest gaining bearish traction above the largest in the 4 hours chart, while technical indicators hold within negative territory, with the RSI gaining downward traction around 32, anticipating some further slides.The 112.00 level is critical, as it bounced from it multiple times during the past month. A clear break below it should lead to a steeper decline, with 111.60 being the next bearish target.
