mlawson71 wrote: Sat Nov 20, 2021 4:10 am The pair remained pretty bearish today despite that pinbar at 1.1300 on the daily time-frame. I thought there may be a correction, but it looks like I was wrong.

I said it before: general directional bias was and is down.
We had a difficult time (changing up vs down moves) because - as you can see on the monthly chart - the downward tendency runs against fairly strong resistance (this and the years-long-downward-TL - since Sept 2007 -, which price touched, are responsible for the "pinbar").
If you keep that in mind you won't expect a strong upward move until there was a clear TL-break.
(That doesn't mean there won't be buying opportunities on lower TFs, just that those moves are - within the overall picture - countertrend moves.)
Till then just go with the flow if you are risk-averse
and do your analysis...

I am aware that the overall trend is bearish. Still, pullbacks and corrections will occur within it, I am always on the lookout for those.

It continued dropping today, I think we'll probably see it reach 1.1200, maybe below that level too.

If it breaks this level we are looking at the 1.10 region in my opinion.

The last low was at 1.0630, formed back in March 2020. I wonder if it will drop all the way to that level eventually.

It bounced off 1.1200, I think we may see a proper correction next week finally.

I think the correction we are seeing currently will take the form of a sideways consolidation for now, which is a good indication about how bearish it still is.

mlawson71 wrote: Tue Nov 30, 2021 2:10 am I think the correction we are seeing currently will take the form of a sideways consolidation for now, which is a good indication about how bearish it still is.

Hmmh...
Don't speculate about the future...

Well, too late for that.
Jokes aside, I should've expected a more aggressive correction.