The price is maintaining a bullish momentum, consistently achieving new highs and recently reaching our target of 160.500. It seems poised for a correction towards 159.798 before continuing its upward trajectory, potentially exceeding 160.500 to reach a new high of 161.500. However, for a bearish scenario to unfold, the price must stabilize below the support level of 159.798, confirmed by a 4-hour candle closing below this level, which could lead it down to 158.910.
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