• Price is in D1 downtrend with a pullback & bearish engulfing rejection of .7200 level.
• Price broke .7175 H4/H1 support area and is coming back for a retest.
• Expecting a retest of the .7175 area before continuing the bearish run.
• 1st target will be .7130, then .7100 and potentially even lower.
• Several confluences are present, such as H4/H1 50ema and pivot.
• Price broke .7175 H4/H1 support area and is coming back for a retest.
• Expecting a retest of the .7175 area before continuing the bearish run.
• 1st target will be .7130, then .7100 and potentially even lower.
• Several confluences are present, such as H4/H1 50ema and pivot.