I can personally see this pair having a massive drop
. We see it finally breaking through the trend line
which has been tested on multiple occasions over the last couple of months. Also i can see a head and shoulders
pattern form on the daily chart
which has now broken the neckline. Price action has been very bullish
and i can see this retracing to the trend line
and collapsing. My take profit for this pair will be around the 0.95000 area as this is the level for the 200 MA on a weekly chart. Let me know your thoughts!