If we look at the daily chart we can see that there appears to be a Gartley pattern forming and we could see price rise for the next 2 weeks in order to hit the 110.4 area via the D Leg of the Gartley pattern. Once it hits that zone we would see the completion of the Gartley pattern after which we could see price go bearish for the next couple of weeks or even drop like a rock.
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