Huge rejection at 1.3700 for this month which still has not closed, after a bulling rally.
3 weeks back we had a form followed by a which closed slightly above the 1.3700 resistance. This week the current candle is a with rejection on the 1.3700 again. This week we have taken out last two weeks worth of candles.
Lower Highs and higher lows are being formed on the daily time frame. Once this broke to the downside I took the high of the formation and added it onto the chart to give me target 2. This confluences with previous .
crossed and broke the , this has now had 2 retests.
Zooming into 1 hour the 2 retests have formed a . I took the high of this and this gave me target 1. also has crossed to the downside. Counter has also been broken.