Weekly chart is showing us multiple confirmations for a continuation to the downside.
PA showing a double top at the 1.40 price level, suggesting a strong point of previous support before breaking through mid 2016, has now turned resistance.
A break below the neckline and the EMA band came in conjunction with the MACD sell signal.
There's a range between approximately 1.32 and 1.35 on the daily chart I'm watching and the BoE rate announcement this upcoming week should make this an interesting play.
A break below the range and I see price coming down to the 1.2750 level next.
PA showing a double top at the 1.40 price level, suggesting a strong point of previous support before breaking through mid 2016, has now turned resistance.
A break below the neckline and the EMA band came in conjunction with the MACD sell signal.
There's a range between approximately 1.32 and 1.35 on the daily chart I'm watching and the BoE rate announcement this upcoming week should make this an interesting play.
A break below the range and I see price coming down to the 1.2750 level next.