Yesterday We mentioned a bearish opportunity around this resistance level 0.9969 with TP at 0.9910, 0.9830 then 0.9770.
We had a bearish daily closure achieving the 1st target thus breaking the support resistance 0.9900 giving more confirmation for the initial bearish signal.
The pair is suggested to visit the support level 0.9750 soon which is previous low and the lower limit of the marked bearish channel.
On the 4H chart, We have obvious sideway movement starting in August 4.
The suggested area of bounce was successfully pushing the pair to break the support level 0.9900.
Also we have the first lower low to be formed since last week this opens the way down to the lower limit of the marked channel.
The broken support level 0.9900 now acting as resistance offers an intraday bearish opportunity again with same TP of the original position at 0.9910, 0.9830 then 0.9770.
SL should be daily closure above 1.0000
