The pair has been overbought for the past month with over 350 pips, also it is approaching critical s&r line as well as a weekly trendline.
There is a lot of potential for a short position as the DXY (Dollar index) is been overbought as well and is looking that a potential downward trend is coming.
There is a lot of potential for a short position as the DXY (Dollar index) is been overbought as well and is looking that a potential downward trend is coming.