We are waiting for a bearish movement.

At the moment our pair is trading at the fairly strong level of 1.39 and cannot overcome this mark. Today we expect a series of macroeconomic data from the US. The dollar index is in the flat and now the average value is 90.00.

Considering the daily chart, we observe an upward trend, but the price seeks to test this level of support. On the 4-hour chart we see the formation of a still-incomplete "Double top" pattern. Because of that we would look for points to enter the short positions. The support levels are 1.3805 and 1.3730.