Reasons for bearish bias: -Downtrend on weekly/monthly timeframe -Breaking below 1.32100 level -Multiple hourly candle rejections at retest of 1.32100 area -Multiple rejections from above at EMA50 -Crossing of EMA50 & EMA14 -RSI divergence -Break below daily pivot -DXY uptrending
Confirmations to look for: -Break & retest of local bullish trendline -Break & retest of key level 1.31750
This is just idea, not trading advice, use at own risk.