Rejections at the monthly level of 0.7750 since last year. More recently, we've had and rejections against monthly resistance. Signs of a reversal and momentum turning to the downside.
Lower highs on the spikes are also visible.
After an indecisive Thursday last week, Friday was a taking out 2 days worth of prior price action. Price has been rejecting the daily barrier of 0.7600 this week.
Break of our 4 hour TL with retest-rejection as and continuation. MAs crossed to the downside as well as the competion of lower highs and lows - this forms a downward facing TL. We also have just put in a . Our 1 hour CTL has been broken.
Best of luck!
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