Monthly chart
On the monthly time frame, there is a strong bearish trend and it is hard for the price to change it because it has been following for quite a while. The price may rebound during the coming weeks, and the trend line may touch a strong supply area that may make the price fall from the current levels.
Points of interest (POI)
Sell from: 1.1127 (amid the momentum movement)
TP 1: 1.1050
TP 2: 1.0950 (until the bullish OB)
Stop loss: 1.1140 (above the bearish OB)
