What we are focusing on now is the Death Cross (MA50 below the MA200) that was formed on the 1H chart. The Channel Down is clear ( = 38.625, = -0.002, = 25.821) and as long as the 1H MA200 (orange line) is intact and holds as the new Resistance, the price is aiming for a new Lower Low within the 1.0980 - 1.0950 zone.
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