Pair has broken the trendline on the 4th touch and has completed a pullback to the trendline. At the same time on the daily chart we can see the pair has lost bullish momentum so we might see a drop coming very soon.
If we zoom out we will see the pair has recently touched the upper trend line of a major weekly bearish trend so I support the bearish scenario.
If we zoom out we will see the pair has recently touched the upper trend line of a major weekly bearish trend so I support the bearish scenario.