From what I can see, price looks to be consolidating between the resistance area of 1.32800 and the support area of 1.29700. After price recently rejected the resistance area, it started selling off. With the sell off, price looks to be in the process of creating a head & shoulder pattern, which would continue the bearish momentum.
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Disclaimer
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.