On the weekly timeframe we can clearly see that price is between our upper distance level at 0.92500 and the support level at 0.90500. The final candle last week closed bearish and started pushing to the downside.
On the daily timeframe I have outlined how I believe the trend is forming based on price action that we are seeing. It is like yhtat price continues back down to the support level consider sellers are in control of the market. Once price breaks the 0.91220 level then I will wait for a retest in order to go short.