The pair can be seen respecting the downtrend. The pair has found support on 0.67 region and bounce upwards to test the resistance at 0.685. However, the pair has failed to break above the resistance in the previous week, consolidating above 0.675 region. This indicates that there might be another move correction rally to retest the upsides before it resumes the downtrend. The next immediate support is seen at 0.67. A clear break below 0.67 would prompt the pair to target the next support at 0.65. On the flipside, another rejection on 0.67 would possibly signal fading bearish momentum and leads to further consolidation. More confirmation is needed.
Bias
Long-term: Bearish
Short-term: Bearish
Bias
Long-term: Bearish
Short-term: Bearish