After the up trend cycle, we have been in a top range cycle. There are a few factors pointing to a potential bearish shift in sentiment:
- price broke and is retesting the 7 week trend line
- price broke and is retesting the 13/21 exponential moving averages
- retest of high volume node
- Coming off triple top supply zone
- Fibonacci cluster demand zone near 1.108 or 100 pip drop
- price broke and is retesting the 7 week trend line
- price broke and is retesting the 13/21 exponential moving averages
- retest of high volume node
- Coming off triple top supply zone
- Fibonacci cluster demand zone near 1.108 or 100 pip drop