We've had a slow and steady trend down on this pair since Monday.
Trend is too clean...When something is too clean I start looking for trades in opposite direction. they will likely make a move towards the high they set in Asia coz this is where likely $$$ are at in my opinion.
They could also decide to turn around and come back down and consolidate for the rest of the day and there's the option that i am just completely wrong :) good luck and happy trading