What this means is the new Monthly Range is out and overlayed on top of the other ranges.
This type of setup is a high probability setup, in this case, to go short.
All the resistance is here to be confident of the bias to the downside.
Hence, this is a good sell if you can break through the support of the swing low.
Short at a break through 1.0364 then place a stop loss at 1.0430 with a profit target at 1.0218.