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Market forecast for Erbing on October 16th after 6 PM
Long position entry point: 3950-3980
Target Take Profit:
First target: 4080-41004 Hourly moving average resistance
Second target: 4150-4200. If the momentum is strong, test higher resistance.
Short entry point: Price breaks below 3940 USD and confirms near 4050 upon rebound.
Target Take Profit:
First target: 3900
Second target: near the lower Bollinger Band on the daily line at 3750-3800