After our top down analysis of this pair has been completed and we have understood there is a strong bearish momentum in this pair we can scale down time frames to look for a more refined entry point. As we can see the 61.8 Fib level was breached and the price returned back to the downside. A clean break of the CTL along with MA cross over could signify that it may be time to sell. A good target would be the Fib D1 Level which does line up with the current key level of support. One to keep our eye on for now.
