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Short-term trend: The 1-hour timeframe remains a bearish structure, with the price oscillating lower below the moving average, currently approaching the previous low of 1,954.16, a key support level.
If the price drops below 1,954.16 with increased volume, it could open up downside space to the 1,929-1,911 range.
If the price stabilizes and rebounds around 1,954 and reclaims the EMA7 (1,981.08), it may recover towards the 1,987-2,016 zone.