The pair has formed a subtle head and shoulder pattern in the 4-hour chart.
It has broken the neckline too and is currently consolidating just below it.
Hence, we expect the pair to trade with bearish bias and move to the support level at 78.618.
It has broken the neckline too and is currently consolidating just below it.
Hence, we expect the pair to trade with bearish bias and move to the support level at 78.618.