Price has moved down after hit off of weekly trendline near .618 fib resistance level and is currently below the .5 fib level. A retest of the weekly trendline and break below smaller ascending trendline would give a great short opportunity.
Setup to look at for the coming trade week. Price has broken ascending trendline and now has moved back below resistance area, down from a key level of 1.43000. A retest of the resistance area would provide a good short opportunity.
Biased long on this pair but looks like the bears are taking control in the short term.
Waiting for a break of flag back down to ascending trendline near former resistance now turned support. A pullback to trendline resistance at red area would provide a great risk-reward scenario.