this pair seems like it is gonna reach the monthly support.
After a break of the trendline and the MA crossover, it is indication to go short as the market is changing directions.
it is going to restest this level because 1250 is a very important level.
There has been a strong push downwards weeks ago and this pair has just been consolidating...forming a bearish flag pattern. This is a long term trade and needs to be held for 6-8 weeks. The risk-reward ratio is very tight.