- The daily chart shows the pair is flirting with the falling trend line (Blue line). It also appears the leg 'D' of Cypher pattern has resumed and the 78.6% of XC is seen at 112.80 levels.
- A daily closing above the falling trend line would add credence to Cypher pattern and open doors for 112.80 levels.
- On the other hand, a failure to do so followed by a break below 109.11 would open doors for a sell-off to 108.00 levels.
