The bears started their pressure around level 1.6300 which represents as resistance area
as the upper boundary of the symmetrical triangle on the long term and the broken upward trend line on the long term
and started bouncing down from this area
which appears a good place to sell the pair from the current price 1.6232
with stop at 1.6370 and targets 1.5915 then 1.5100
Good luck
as the upper boundary of the symmetrical triangle on the long term and the broken upward trend line on the long term
and started bouncing down from this area
which appears a good place to sell the pair from the current price 1.6232
with stop at 1.6370 and targets 1.5915 then 1.5100
Good luck