This pair is in a long term downwards trend with multiple rejections from a well defined trend line. Price action is currently retracing back towards this trend line, with a sign of momentum loss in the form of a potential RSI divergence. There also could be a wedge or triangle formation forming at the top of this retracement, which will be confirmed if price continues to follow the path of the shorter time frame trend lines. Price action has rejected off of a key daily level twice in the last week at the 0.93100 level (which is close to the 0.93000 handle) indicating that this is a key level of interest as a significant level of resistance.