Confluences: 1-Primary trend at Daily chart is downward. 2-Price was moving below EMA 200 at Daily and 4H chart. 3-Supply zone 1.0620-30 has been re-tested more times and price pulled back again to resume its bearish move.
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We are waiting for breaking out the line to confirm the bearish bias for the pair.
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Price already has broken the line as per CPI effects which is more than expected.
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We can enter Sell order now. Confluecnes: 1-high volume 2-Price action (engulfing bearish candle) 3-Breaking the upward line.