Pair’s retreat from 0.8644 (Feb 6 high) has established a falling tops formation on the daily chart and now bears await a break below 0.8470 (Jan 26 low) – Falling bottoms. Such a move would open doors for a drop to the head and shoulder neckline seen around 0.8280 levels.
On the higher side, only a daily close above 0.8644 would revive bullishness.
On the higher side, only a daily close above 0.8644 would revive bullishness.
