The pair is currently overbought but we can expect it to test the 1.100 are again before it fall further.
It could be a huge opportunity for a sell position if it plays nicely with the combined drop on the DXY .
If it forms the second leg of an M on the 4hr time frame we can enter for a sell position near the 1.100 area. There is an M formation on the weekly , daily and 4hr time frame !!!