The pair has tried to regain its upward momentum but failed as the bears are in control. The small bullish candlestick last weeks indicates that the pair has completed the correction rally and are preparing to resume its downtrend this week. The next immediate target is the daily support at 1.7075 region and 1.68 weekly support.
Bias
Long-term: Short
Short-term: Long
Bias
Long-term: Short
Short-term: Long