The pair is trading in a bearish channel, price is touching the resistance trendline for the third time, a smaller trendline (in green) has been broken last week and this is a classic sell scenario, we have two important support zones as highlithed in the chart above, the first one is also a confluence with the 38.2% retracement of Fibonacci, and the second one could be reached in a longer timeframe. Pay attention to price action in h4 and h1 if you would like to open a position. We can also notice a divergence with the MACD, another bearish signal. If you want to know the exact price to open a position send me a message !!! Enjoy your trading !!! Have a nice Monday Thank you for reading
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