See also
The currency pair is located at 97.97 at the time of writing and it seems undecided. It has moved sideways in the short term, that's why we have to wait for fresh opportunities. As you can see on the h1 chart, the rate dropped below the uptrend line signaling that the upwards movement ended.
Technically, the former low of 97.87 represents a downside obstacle. Personally, I've drawn a downtrend line, so as long as it stays below it, the rate could develop a larger drop.
Dropping below 97.87 validates more declines. This scenario helps the sellers to catch a larger drop.
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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
