Today we see a price channel breakout for this pair after consistently seeing it respect the channel's lower trend line support since APR-2018's swing low. Price is now retracing after the strong breakout and a retest of the trend line is now anticipated. This bearish outlook is supported by a confluence of the trend line and the identified horizontal resistance levels around the 0.8970 - 0.8990-ish price region (marked by a box in the chart). It will be interesting to see how the market reacts here. Let's see if the market gives us a viable sell setup if and when it gets there.