Here's a concise rundown of the price action I've been watching:
1. Price touched resistance at 0.9372. This resistance level formed at the end of March and has held up since.
2. Now that price has breached this latest neckline, downside momentum is to be expected. As long as price holds below this level, I'm expecting further downside. If price trades back above this level, I'm perfectly fine with scratching this trade at a slight loss.