This time the pair has broken 2 lines. The recent (4h chart) was broken and the pair retested its it at the 61.8 fib level.
The most recent drop in the pair resulted in a breakout of a major if we zoom out to the .
The price is currently being rejected by a . Adding that to the divergence spotted on the 4h chart, I'm expecting a retracement towards the 38.2 Fib Level (105 pips move), which will also result in a retest on our major/daily .
If it bounces at this level, I'm expecting a long term drop in the pair.