Reason for the trading strategy (technically):
Price has continued to drop nicely since our reversal. We remain as we can see an intermediate resistance line holding price down really well. We look to sell on strength below 1.3991 resistance ( , horizontal overlap resistance) for a further push down to 1.3639 support ( , horizontal swing low support, exit potential).
(34) has made a exit of our long term ascending support-turned-resistance line previously signalling a change in momentum.