The bearish direction is still dominating the trades of the pair for near and medium-term as
yesterday trades saw more declining achieving the lowest price at the support level 1.6235
at which a bottom has been formed and the trades are still above it so it is expected that the
pair will continue rising during today's trades targeting the level 1.6360 but if the pair
succeeded to break down the support level 1.6235, the pair will continue declining till reach
the level 1.6166 which represents the target of the head and shoulders pattern.
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