The price of the pair has reached a 50% mean reversion and is homing in on the 61.8% golden ratio that meets the neckline of the W-formation. This is near 1.1030. Should the price beak here, then the focus will be on the downside with prospects of a break of 1.10 the figure. However, should it hold, the price would be expected to move in on 1.12 the figure.
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