As we can see the 109.7 level is a very significant one so far, the price keeps getting strongly rejected from that level, already multiple times.
Also the 108-107.7 area is a very significant one above it i am bullish/below it i am bearish after the strong rejection from 109.7 we did not hold 108-107.7 area as support and we went below it, retested it and we got rejected which in my opinion this is very bearish.
Looks like the pair formed a bear flag that is waiting to break to the down-side to test some previous wicks zones.
-CryptonikLion
Also the 108-107.7 area is a very significant one above it i am bullish/below it i am bearish after the strong rejection from 109.7 we did not hold 108-107.7 area as support and we went below it, retested it and we got rejected which in my opinion this is very bearish.
Looks like the pair formed a bear flag that is waiting to break to the down-side to test some previous wicks zones.
-CryptonikLion