The pair is in a corrective structure and looks like it is breaking below to the downside which would result in a resumption of the downtrend presenting short opportunities with excellent R/R.
The following assumptions are made:
- Breakout price : 1.2986
- Confirmation price : 1.3012
- Minimum Forecast pips : 500 pips
- Maximum Forecast pips : > 1000 pips
- Duration: 2-10 days to several weeks
- Probability : >95.%
Stop loss: 1.3108
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