The pair seems as if it may be looking to continue the downtrend. I have identified a possible redistribution pattern. The recent "upthrust" could be the last up move that is typically used to trap buyers. Could be too soon to tell but keep an eye on price falling back under resistance and preliminary supply on strong sell volume for confirmation.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.