Im currently bearish on this pair. after testing and being rejected by the micro trend line and resistance at 0.70518, the pair formed a reversal candle on Thursday followed by a small move to retest the trend line on Friday. I expect the pair to continue lower in the upcoming week and test the trend line support at 0.69125/50. A break of this trend line could see a move lower towards support at 0.68600. And finally, a break there could send the pair to the 0.66750 area. On the reverse side, it would not surprise me if we see a move to retest resistance at .070518 and then a break to test the 200 SMA in the area of 0.71100. But as I stated earlier, I'm looking for the bears to take over this week.
