As it was expected through the previous analysis, the pair continued declining for near and
medium-term reaching the support level 1.6166 which represents the target of the pattern
head and shoulders, this price represents the lowest price during the trades of the last five
weeks expecting more declining as dollar rises against all its counterparts, it is expected
also that, with breaking the support level 1.6166, the pair will continue declining targeting
the level 1.6010 which represents 127% of Fibonacci's continuous level for the bullish move
from (1.6166 to 1.6743).
The stability of these speculations requires the stability of the resistance level 1.6235
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