has been in a range for months now but is starting to show some weakness on a near term basis. If we can close below the weekly range low the 0.8932 area and remain below the downtrend line then the next stop should be the lows from November 0.8850. Given all the headline news about COVID and the UK it would appear to be negative for the currency but price is telling a different story for now. We have also seen a pick in the rate of change
to the downside which may also be a sign of more selling to come. If we clear the downtrend line to the upside then the short play would be invalidated.