Alternative scenario has now been activated on this exchange rate after successfully finding support at the 0.5 fibo level and also presenting an engulfing bullish candle.
Further the negative trend line has been broken.
As shown in the chart we have a few confirmations shown that the SELL off period should continue for a little while longer whilst the price sorts itself out.
NFP is tomorrow, so you can expect things to change depending on the news. This being though, we are technically supporting the US Dollar when selling this pair, which works well with odds on NFP.