The recent double top
at 1352 highlights that this area is a key resistance level
as this pair has failed to break this level and therefore not taking out the recent lower high. This suggests that the recent bullish trend
is running out of steam. This week this pair has been bearish
; the recent pullback serves as a good time to enter the market as I expect this pair to hit 1302 and even a new low in the 1290s.