Bearish bias remains, as price is in a downtrend creating lower lows & highs. Price has pulled back to previous support now new resistance, holding below the long term descending trendine along with the 50 fibonacci retracement level. Will be watching for a trend continuation this upcoming week..
Comment:
H4: Double top & rejection at weekly level 1.10000 region, showing sensitivity to this level & that buyers are having trouble breaking higher. Watching for a break of the counter trend line & minor structure (blue line) to confirm that another wave of sellers will step in to push price lower.
Comment:
Price breaking the range support