After breaking out above Weekly Horizontal Range Resistance (white line), Price has broken back into the preceding consolidation range. Price has also closed below 61.8% Fib of the swing higher with momentum.
I EXPECT Price to bounce here, or at the bullish trendline. THEN Price should find that Resistance at 0.906 (white line) should hold, offering a chance to go short.
NB: Price is still above 200EMA, so longer term trend is bullish
Possible Target #1: 0.900 (lower boundary of consolidation) Possible Target #2: 0.895 (Confluence of 127% Fib extension AND minor support
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Hourly close below the weekly support line and the trend line confirms the bearishness.