the market is currently testing the weekly uptrendline on this pair. Whether it will lead to a bounce or break remains a mystery. However, price have been rejected, in the most recent price action, twice at the resistance zone
around the 91.600 region. This formed a very firm neckline between 86.760 - 86.100 region. This is clearly visible on the weekly timeframe
. You' also notice a double top
pattern has painted and the neckline has been broken. The price doesn'y seem to bother to retest the neckline to collect more orders. Observing a continuation pattern would help to jump in and ride the trend.
The analysis actually says alot
more than I can be able to say.