We have saw something like what is currently happening before. I think that the price may do the same thing again, if the price does then we could see the price of this pair go as low as 1.1659. This would be a massive drop and a great opportunity for everyone, we would have to wait and see for the price to first break out the channel, if it breaks out the bottom with enough momentum we could see this prediction become reality. Fundamentals have a massive role over long term movements, I will keep everyone updated on the fundamentals of this pair over the coming weeks