Overview
The pair is still trying to break the Support level 149.35 since yesterday and trading below the downward trendline, as shown on the today's H4 chart. Breaking this Support level creats a new bearish move and may give us more opportunities for sell signals, but in that case the price would have to break the lower limit of its bearish channel as well. Therefore we can not sell now unless the pair manages to break the Support area of the Support level 149.35 and the lower boundary of the bearish channel, which will open the way towards the Support level 184.85, so we can consider our first target few pips above this Support level then 148.50 as a second target .
Resistance and support levels: R3 (152.00) R2 (150.80) R1 (150.00) S1 (149.35) S2 (148.85) S3 (148.50)
