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Longer term bias is certainly a sell, I believe 1.05 is a good entry for a short position.
On the other hand, short term hourly chart shows consolidation as RSI lies between 40 and 60, a break and close below 40 with price break below 1.04 would be a valid confirmation of short term downtrend resuming.
Longer term bias is certainly a sell, I believe 1.05 is a good entry for a short position.
On the other hand, short term hourly chart shows consolidation as RSI lies between 40 and 60, a break and close below 40 with price break below 1.04 would be a valid confirmation of short term downtrend resuming.