- Completed the head and shoulders pattern with a nice break below the neckline
- Price has reverted back to that neckline to retest that price level
- Sellers are clearly present as we have not been able to break above the 1.15 even handle
- Price has not closed above 1.148 handle
- The bullish engulfing candle failed to close with price within a few pips of the high. Price closed 21 pips below the high of Friday's high
- Price is also at the top of a descending channel pattern
- Price is below 100 and 200 EMA and MA's
- Price has reverted back to that neckline to retest that price level
- Sellers are clearly present as we have not been able to break above the 1.15 even handle
- Price has not closed above 1.148 handle
- The bullish engulfing candle failed to close with price within a few pips of the high. Price closed 21 pips below the high of Friday's high
- Price is also at the top of a descending channel pattern
- Price is below 100 and 200 EMA and MA's