This Is Likely to Happen.
1)Trend Continuation Pattern (Bearish Flag)
3)Feb-Ret 0.5 Resistance being followed in previous impulse.
4)Confluence With Old Structure.
5) Strong Resistance Provided by Old Structure.
The daily right side is down against .6978 and the 4 hour is favored turning down against there as well. The hourly is turning up against .6381. While above there it can see another high toward the .6700 area before turning lower again.
The weekly right side is down against the 7/27/17 highs at .7557. The daily right side is down against .6758 from 12/31/19. The 4 hour right side is down with a bearish sequence & the hourly is turning down against .6130. While below there the pair can continue lower again.