(4H) The downward momentum is slowing down. Price has traded sideways for a couple of days below the 1.3000 level which as acted as resistance. It also at the 78.6% retracement
.I am still bearish
because we have a down channel
and trading below the 50 SMA
. Price is now at the 20 SMA
which is flattening out due to the sideways price action.