The range that the pair was trading in is broken, and the pair is falling towards the new solid horizontal support, that is very well visible on the 3 day chart.
The support of the range is now the new resistance.
According to the RSI the pair is now oversold, thus, I expect a possible pullback, into the area of close to the new resistance.
Should that happen, a short from that level is reasonable.
The targets would be the reversal level and the ultimate support zone.
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