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For the past 3 weeks pair has been recovering after a 500 pip sell off in the end of August-beginning of September. It might be that Fibonacci retracements of this move had effects on the pair prior to the formation of the pattern, but seems to have none in the length of the pattern. Pair has already reached the highest level in September which could cause some bulls to capitalize on their gains. As a consequence we could see some sort of minor sell off. Medium and long term technicals suggest that overall trend should remain bullish, taking this in to account good interim target would be the pattern's resistance and August high.
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