Resistance in the 0.7225 area is expected to generate selling interest for a move lower toward initial targets near the 0.6930 range lows. A break below 0.6930 would encourage our bearish view and signal further weakness toward our greater targets in the 0.6770 area (EFN).

The chart clearly suggests that pair can easily move down to 0.6770 support areas, current price as shown is near green line on monthly chart and we should sell on bull candles (when price touches envelope high on hourly chart).
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