is showing very strong downside pressure. A year ago price broke to the downside and it is still falling. On the weekly chart you can see the start of this drop
after a long and tight consolidation.
On the daily chart
you can see price just came back into the trendline
again and it reactied with another sell off.
Clear support and resistance
, resprected trendline
, strong downside pressure. All reasons to go short on this pair.
"Trade what you see, not what you thing"