Been waiting for this short set up for a while, It is slowly getting to the area for an ideal sale for me. Only if it gets to that area in a corrective manner will I be placing a trade, If it gets there impulsively I will wait and see what the market will be doing and forecast my trade. Also, looking at the dxy it is slowly recovering from its downtrend and if an upward momentum is confirm it will confirm my short bias because the DXY is the inverse relationship to this pair.
Comment:
it tapped the .786 fib, now lets see if it goes to the fib extensions