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Taking a long-term look at this pair we can see that we have potential for a good 1000 pips or so to the downside over the coming months.

The weekly chart here shows that we are most likely to make a new swing low around the 1.1900-1.1800 region. Of course this is a view that can change and we must monitor accordingly but with current price movement the highest probably is that we go on to mover lower in to the start of 2018.