Key Indicators
The 50-period EMA serves as a short-term trend filter, while RSI (14) measures momentum. A rejection near the EMA, accompanied by RSI remaining below 50, would strengthen the bearish scenario.
Market Outlook
A confirmed short entry around 0.8325 could target 0.8278 and subsequently 0.8227. The protective Stop Loss is positioned at 0.8358. A sustained recovery above resistance would weaken the setup.