Reasons:
- Weekly downtrend, MA's are still crossed down
- 2 engulfing candles at the daily resistance level
- Daily timeframe with contracting MA's which indicates weakness on the pair
- Resistence level
- Weekly downtrend, MA's are still crossed down
- 2 engulfing candles at the daily resistance level
- Daily timeframe with contracting MA's which indicates weakness on the pair
- Resistence level