formation showing strong resistance at around 1.07524. From the second high point on the double top
there has been an MA downside crossover and a strong bearish
movement down to the weekly trend line
support which we are now sitting on. We could see a break of this trend line
and see new 2016 lows or we could see a potential bounce from this trend line
. I will be waiting to see a break of this trend line
before entering a short order on this pair.