The pair is trading for the second trading session below 1.7080 levels represented in 127.2% correction, as stabilizing below this level indicates the possibility of facing 1.7035 at 113% correction, whereas the downside move is favored today.
AROON, MACD and Linear Regression Indicator 34 are negative and the downside move depends on the pair's ability to break 1.7035 followed by breaking 1.6995. Generally, trading below 1.7185 is negative, but stabilizing below 1.7105 today is required to strengthen the downside movel.