Fundamental reason: given today's big news still concerning with USD weakness theme - ''Trump Confronted Cohn on Trade Hours Before Resignation, Sources Say" from Bloomberg.
The first downward move happened in Asia session, now after consolidation between 105.45 -105.85, the pair has failed to go above previous support 105.85 which now became resistance.
Given we never fight with the trend and a good trend is never too late to join at the beginning. Now a great time to consider short with target near or below recent low of 105.25. Depends how traders are making a deal out of today's news and coming up US NON-FARM.
DON''T TRY TO CATCH FALLING KNIFE!
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