EJ Daily Analysis

The pair has tested the upside at 128.5 multiples times throughout the week but failed to break above it. The pair has printed a strong bearish candle that overwritten the bullish move of the previous day in 1 move. This indicates that bullish momentum has fade and bears will continue to control the market. The next downside target is 127. If 127 is broken, the pair will target the next swing low at 125.5.