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The currency pair is located at 0.8669 at the time of writing. As you can see on the H1 chart, the rate is trapped within a down channel pattern. As long as it stays below the downtrend line, the rate could approach and reach new lows.
From the technical point of view, its failure to reach and retest the downtrend line announced strong selling pressure.
Testing and retesting the downtrend line may announce a new downside movement. 0.8652 is seen as a potential target and downside obstacle if the rate drops deeper. A larger drop could be activated if the rate drops below this level.
*这里的市场分析是为了增加您对市场的了解，而不是给出交易的指示。
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