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On the 4-hour level, if it continues to hover around 1600, you can look for opportunities to go long. For long positions, first targets are 1648 and 1678. If 1600 is broken, hold the short position!
For short positions, you can look for entry points in the 1648~1678 range. Shorts taken in this range will yield substantial profits. First take profit is at 1620, second at 1600 and 1580.
Currently, 1600 is a very important level. If it doesn't break, you must go long~