The pair has been unable to break the 2012 1.20193 Support turned resistance level.
It's been showing an overbought signal on the weekly timeframe due to the multiple doji candles been formed on the 2010's 1.18692 Support which signals a weakening in the bullish strength.
A head and Shoulder chart Pattern has been sighted on the daily time frame.
If the neckline of this chart Pattern is broken, then it's been fully Confirmed on we can 70% be sure the bears are now riding the market.
It's been showing an overbought signal on the weekly timeframe due to the multiple doji candles been formed on the 2010's 1.18692 Support which signals a weakening in the bullish strength.
A head and Shoulder chart Pattern has been sighted on the daily time frame.
If the neckline of this chart Pattern is broken, then it's been fully Confirmed on we can 70% be sure the bears are now riding the market.