Current Daily POV:
Still dropping very quickly. Another bearish engulfing pattern has formed. The trend-line and resistance level was broken. It appears price will reach the 81.8 support level in the coming weeks.
Price is currently breaking out of the upper Bollinger Band which means that the shorter term up-trend is over-extended and is getting ready to reverse.
If I see a significant bearish engulfing pattern form in the next few days I will enter short again on this pair.