- Price found resistance on previous P (1.27100) which has now turned R1 and on the midline of the pitchfork. - Price below descending trendline - The Stoch RSI is showing the next move down. - Stong US data this week will probably send this pair lower
These 4 factors combined suggest selling at R1 or even P
I see no reason to go long on this pair untill it breaks the pitchfork median 1