Pair's repeated failure at the expanding channel resistance over the last two weeks followed by a close below 50-DMA today would open doors for a drop to 120.02 (March 8 low).
The bearish 5-DMA and 10-DMA crossover further adds credence to the bearish view mentioned above.
The bearish 5-DMA and 10-DMA crossover further adds credence to the bearish view mentioned above.