Hourly chart pattern - Minor head and shoulder and rising trend line
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A bearish break below rising trend line followed by a break below neckline level of 0.9863 would add credence to exhaustion/failure near rising trend line hurdles as noted on the daily chart here.
- Consequently, doors would be opened for a sell-off to 1.9397 (23.6% of 1.8293-1.9738).
- On the higher side, 0.9738 needs to be breached to signal continuation of rising trend.
