1. The pair has formed and inverted triangle and is following a downward trend
2. The direction of trading is supported by the DXY upward trend
3. There is significant resistance above the current level of trading, both the 50 & 200 EMA are trading above the current price supporting a downward move
2. The direction of trading is supported by the DXY upward trend
3. There is significant resistance above the current level of trading, both the 50 & 200 EMA are trading above the current price supporting a downward move