On the weekly timeframe
despite the last few weeks being bullish
we can still see that the overall general trend is downwards as displayed from the ema
(8) being below the ma (21)
On the daily we can see that price has hit resistance at 1.08000 and a shooting star
was formed two days ago.
ON THE 4hr a head and shoulders
pattern has formed and the neckline has been violated, along with a cross to the downside of the MA