As seen with historical moves of this pair, the market has been trending down with pullbacks. We may have a reason to enter because price has pulled back to 1.555 which is previous Support. A move down will confirm the continuation of the bearish market. First Targets (1.543 and 1.540) in heavy Fib confluence area which also has major previous structure looking left. This move has a sequence of creating Lower Highs and Lower Lows, making it a Bearish market.
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Structure formed a double bottom and never broke structure, giving reason trend could change. creating new opportunities!