Last week we had the break down of the lower trendline of an important Symmetrical Triangle (see blue lines), which was confirmed by a pullback to this same broken lower trendline at around 91.11. This factor strongly favours the bears.
But now we have the prices at an important support zone at 89.00. Therefore we cannot discard a possible bullish correction before a bearish trend resumes.
So we foresee good selling oportunities below 88.90 and specially below 88.00.
If prices close above 90.90 this possible bearish momentum gets cancelled.
