:: H1 ::
On the short term , the pair is in a downtrend ,
Price is obviously making lower highs and lower lows
Now we need to watch the area 0.8848 - 0.8856 which will be a good area of resistance .
This area is a confluence of the following :
50% Fibonacci of the shorter swing , 38.2% Fibonatcci of the longer swing down , the downtrend line .
This area will be a good SELL zone to go SHORT with targets 0.8825 , 0.8785
SL should be placed above 0.8900
