H4: The currency pair has firmly settled below the (8/8) level and is now attempting to consolidate below the four-hour supertrend line. All these signals indicate the formation of a medium-term reversal in the instrument, with a further price decline towards the (6/8) level. The (8/8) level currently acts as resistance for the price.

Trade decision: SELL 1.1715 SL 1.1735 TP 1.1597.