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If we look at the weekly chart of EUR/USD, we spot there is a zone called a BIVI (Buy Side Imbalance Sell Side Inefficiency) at 1.0820-1.0777 which acts as a magnet area for this pair. Now the Fiber will try to reach this zone as long as the pair does not break out and closes above 1.1240. So, the Fiber is likely to fill that zone area.
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The material has been provided by InstaForex Company - www.instaforex.com