The pair is declining due to profit-taking and the resumption of growth in the yield of US treasuries.
Technical side:
The price is located below the middle Bollinger band, below SMA 5 and SMA 14. The movings have crossed and are giving a sell signal. RSI is below the 50% level and continues to drop. Stoch are entering the oversold zone.
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Trading Idea:
A decline below 1.3725 may result in a further drop to 1.3670.