Price is approching historical pivot point - blue line. Importance of it is shown by arrows.
Also it is currently in a channel, which top is shown by red line.
Moving avareges are pointing down, which shows strong down trend. 100 MA is also in a place around 1,082 and it will be tested. Last time it was tested was 700 pips drop without a stop.
It is also a fibo...
If this brakes upper red line - i will open short. If it brakes lower red line, i will add another one. Target is around 1.055. Valid if 1.072 is not broken.
