Momentum is bearish forming lower high & lower lows, clear structure easy on the eye to see.
if price can break and close below 0.90167
my bias is we will possibly create a new lower low in this bearish structure for this pair.
lets see how this plays out.
SITTING AT A KEY STRUCTURE SUPPORT ON THE DAILY TIMEFRAME.
LOOKING FOR A BOUNCE OFF THIS AS A NEW LOWER LOW WAS NOT FORMED
TO CONTINUE THE STRONG PUSH TO THE DOWNSIDE.
REJECTION ON THE HOURLY TIMEFRAME ON THE 0.328 FIB.
LETS SEE HOW IT PLAYS OUT.