After a month of bullish momentum, price is now failing to to make lower highs. Price has also made a false breakout pattern at 0.99470 and is now continuing downward. Since we are now in a bearish market ( at least for now ) we should now be looking for price to break and retest a structure.
In this illustration you can clearly see price had been ranging for 4 days before breaking through to the downside, coming back up to retest the structure and failing to close above the 0.99080 level.
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