The pair broke the downtrend line extending from 28 April to 24 June.
The Pair found resistance at the previous top 117.80 and started to go down.
The Uptrend line is still intact.
On 4H chart, the pair lost steam to go higher at the resistance level mentioned above.
Now Retracement is taking place.
Now the pair is going to test the broken downtrend line,previous broken top working as support and Fibonatcci Levels 38.2% and 50%.
Area 115.60 116.00 will be a good area to buy the pair at with TP 116.80 then 117.60.
SL should be daily closure below the uptrend line.
