It is noticed through this chart that the pair rose to re-test the neckline of the head and
shoulders pattern and formed a top at the testing area, this top forced the pair to decline
again supported by rising the U.S dollar against all of its counterparts, it is expected that the
pair may continue declining till reaches the target of the pattern at 1.6166 but under the
condition of breaking the support level 1.6320.
The stability of these expectations requires the stability of the resistance level 1.6455.
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