1. Monthly TF is bearish 2. Daily TF is bearish. 3. Price has held below daily resistance at 1.08676 4. This coincides with the 0.382 Fib line on the daily as well
BUT
1. Price is in the cloud, so we will need to wait for a break below 2. The future kumo is bullish, will need to wait for bearish 3. If price breaks below solid red line and 1 and 2 are negated there is an opportunity to go short