After breaking below the neckline of the H&S pattern price continued to fall. It bounced back to 1.80, tested the level and went back down again. Pair is also making new lows. On the chart we don't see any support, so my guess is that it has to drop further. I am currently focusing on the levels that are marked with blue and with red line. Looking at the last 3-4 daily candles I see weakness of this pair, it is also unable to make any upward move. On smaller time frame we can see that it has for…
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