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EURUSD H4 March 2023 timeframe. Looking at the EURUSD on the H4 timeframe, it can be seen that this pair has successfully penetrated the 61.8 level towards the 100.0 Fibo level yesterday. In addition, it is seen on the Ichimoku indicator that the pair is also in a bullish trend which is also reinforced by the stochastic and RSI indicators. Therefore a go-long position can be an option, but still have to be alert to the possibility of a trend reversal caused by the oversold.

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