The pair has again tested the resistance and it has not managed to break it on the four hour chart. The resistance has hold true for three times and although i am short on this pair, it is time to start rethinking. My bias is still short, because i am already in the trade from last week, but i am thnking of a huge retracement with the overall trend to the downside. Looking forward to exiting my shorts if my doubts are cleared that this is a reversal or a big retracement.
Happy trading guys!!