2. We then see our 0.7178 support fail to hold above this key level and the bears took control of this pair with a 300+ pip sell off.
3. We naturally see a pullback and some price action before bouncing off our nicely and seeing some further downside, forming our first lower high and lower low.
4. After experiencing more lower highs and lower lows we have had a rejection of our next level of support at 0.6560 and bounced back to retest our .
5. If our support at 0.6560 holds then I anticipate a break of our due to holding support, a candle at market close yesterday and I expect price to retest 0.6824 which is also highlighted by the elongated blue .
We also have some major fundamentals being released in the upcoming weeks so I will be keeping a close eye out for this pair.