On daily frame we notice a harmonic bearish pattern formed with both points X and D forming also a downtrend that is being respected still so far. on a broader aspect (long term) we see the pair bearish but it could take couple months.
As of now, trading below it keeps the momentum bearish too. catching a reversal pattern will be ideal to enter a short position from these levels.
As of now, trading below it keeps the momentum bearish too. catching a reversal pattern will be ideal to enter a short position from these levels.