Recent price action: Bearish Pattern: Break of trend support Long-term momentum: *Bearish Short-term momentum: Bearish Bias: Long Action: Do not trade until price identifies further momentum. Could see further movement to the downside, or price may reverse at its current level. Everything depends on where the daily candle closes. Comments: News of a trade war killed this pair. Next 7-10 days should be interesting. A complete shift in momentum would be warranted once price breaks below daily support. Could also be forming a head and shoulders pattern.