Trend line resistance held at the high. Trend line support being breached.
In an earlier post, I spoke of trend line resistance at the 1.0993 area. The price moved higher and tested that trend line and found sellers (see daily chart below). Holding the line may give sellers some ammunition to take the pair back lower.
What would help the bears story is if the price can move and stay below trend line support on the 5-minute and then take back other technical levels like the 100 bar MA on the 5 minute chart at 1.0967. Get below that level, and it represents another notch in the bears belt. It helps the sellers.
