On the weekly timeframe last week formed a rejection of our weekly level as we can see with a large wick. This can be interpreted as a potential reversal in the market. Down to the H4 timeframe we are below the moving averages as you can see we have a channel drawn up that can be seen as a flag. Below 1.32600 I will look for selling opportunities on the lower timeframe. I am looking to see how price reacts to 1.32200 level as that has multiple confluences to enter bearish