When looking at the you can see this pair has been trending down since 2014, with the holding strong.
Now looking at the 30m chart I can see a which has formed and created a strong
As well as the and support I can see that the market has retraced back to the .50 Fibonacci level and is once again starting to continue the downtrend.
I can see another lower at the recent swing low which has been tested twice so far.
Currently the market is sitting in the higher , its shown to be quite a strong level and supported the , if it can break this support I feel it has a good chance to continue the downtrend towards the swing low and lower .