has been trading within a small range for the last couple of days as it struggled to breach the countertrend line. however even though it is still within that range it has again closed below and retested the trend line
and is looking like it is picking up some downward momentum with a strong bearish engulfing
on the daily chart
. a breach of 0.95910 would set up an aggressive selling oppourtunity down into short term target at 0.94660. a more conservative trader should wait for a close below the previous break at 0.95707.