Keeping an Eye on the Bearish Momentum

Price on this pair has recently formed a series of lower highs on the daily chart.

Price is now making a new move lower and is looking to once again test the key daily chart support level.

This has been an important level in recent times with price rejecting it and moving back higher twice.

With the recent momentum building lower we can look for a new retest of this level and a potential break lower in the coming sessions.