The pair is currently trading near the key area of resistance and is showing a sign that the market is weakening. Hence, it is going to continue to follow the overall bearish trend and we can have our stop loss slightly above the downtrend line. Our first TP can be at 131.928 with a RTR of 2.25 and the second TP can be at 130.613 with a RTR of 3.45.
Chart PatternsHarmonic PatternsTrend Analysis

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