The pair seems to have broken the bearish flag and could be resuming the downtrend. A retest of 92.00 area could be a good level to sell. There's some confluence supporting this idea:
- 92.00 is a major psychological level
- previously support, now should become resistance
- EMA21 could also act as dynamic resistance
- resistance area lines up with fibonacci level 38.2%
- 92.00 is a major psychological level
- previously support, now should become resistance
- EMA21 could also act as dynamic resistance
- resistance area lines up with fibonacci level 38.2%