Bearish with AB = CD target at 0.7910 slightly under the 200.0 Fib extension after an almost 50.0% retrace to point C at 0.8279. Yesterdays break and close under the 408 Ema adds to the downside bias.
At this point only a break and close above the 89 Ema currently at 0.8243 would negate the pattern and turn the focus on previous support now resistance at 0.8320.
Update - Whilst Daily and 4 Hhrly patterns remain valid, the failure to close under the Daily 200 Sma and the subsequent strong bounce warns of near term choppy trading. A break and close above the 4 Hrly 89 Ema or below the Daily 200 Sma will give us the next leg,
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