We have a bearish bias on the H4 chart. In addition, price is below the Ichimoku cloud , indicating a bearish market. If the bearish momentum continues, price may continue to move towards the Pivot at 1409.75, where the 38.2% Fibonacci line is located.
Price may rise again to retest the resistance at 1433.75, where the 50% Fibonacci line is located.
There are no major news.