Failure at 1.0767 earlier today followed by a drop below 1.0739 (previous session’s low) adds credence to the failed bullish inverted head and shoulder breakout and a bearish break from the rising channel and has opened doors for a sell-off to 50-DMA support seen at 1.0676.
On the higher side, only a daily close above 1.0828 would abort bearish move.
On the higher side, only a daily close above 1.0828 would abort bearish move.
