-Here we have a critical resistance area between (103 .70) & (103 .50) . this area Already have : 1-Minor downtrend 2-broken support level (head & shoulders Nickline) 3-Broken Support level ( Right shoulder ) 4-Fibonacci Retracement 0.618 from the previous high to the latest low
-Now the price are testing the previous low that has been on the lower band of the up channel the previous low is near enough from the congestion supporting area , so we predict a bullish re-action on this area but we guess the next up move will be too short , because the critical resistance area we mentioned above . also according to structure Analysis the pair continue to make lower highs and lower lows . Which is clear that the pair can't make any upward move in the next hours. hence we can only seek for short opportunities .
-So ,If we see a bearish reaction on that Specific area , That's provide us a potential short position from this area to the downside to the previous low or at least to the lower band of the up channel