Price is at a decision point near 1.17450 daily support, will price break lower or respect its uptrend line & bounce back to the upside? We will have to wait & see. Also looks like a potential inverse Head on shoulders pattern, so we could see bulls come back in.. Patience is the key
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Inverse H&S Potential..
but then again looks like a regular potential H&S pattern also so I would wait for a daily close above 1.18150 to go long. A lot more confirmation needed on this pair it has been tricky lately