Monthly long upper and lower shadows on bearish candle, weekly hammer candle.
Trading below the 8MA 20MA and 200MA on all timeframes - downtrend,
On the daily chart above, MA crossover, technical retracement (market breather and profit taking) to 50% fib level and key level 1.1 round number resistance, daily has closed below 1.1.
A break below the bullish counter trend line will see a move down to 1.0750. A daily close above 1.1 will see a move to 1.1130. Downside favoured.