The pair is still in a strong bearish trend. It is currently in a pullback to form a new lower high after an extended bearish run. Similarly to EJ, it has seen limited action during the asian session as the traders are waiting for the Euro news release. The pair is currently sitting on psychological level 1.14. The pair is expected to continue the rally relief towards 1.146 region which also coincide with the 21 EMA. A rejection off that region will be taken as continuation signal for the bearish trend.
Alternatively, it could failed to break above 1.14 and resume the downtrend.
Alternatively, it could failed to break above 1.14 and resume the downtrend.