In the weekly chart a bearish candle denotes the "dark cloud cover" pattern which shows possible bearish reversal pattern. In the H4 chart a classical H&S pattern had been observed with 1.3100 being the neckline. looking back the 1.3100 level seems to hold some significance over the past few months. So, for this pair to maintain its bullish momentum, the 1.3100 level must hold next week. A break below this level would mean that the immediate might be bearish.
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