From the chart we can notice that after the false breakdown of the downward trendline, there was a sharp fall. Helping us with RSI and CCI, can be seen from the first one that has come to an area from which the price often corrected, while on the second there is a clear divergence with a return above -100. We are also faced with a support area, highlighted by the green rectangle, from which the price often reversed the trend in the short. You can attempt a short-term long position with a likely return to the upper line of the channel. If you return, we will evaluate how the price will react to anticipate new developments. Pay maxium attention to the Non Farm Payrolls on Friday
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Unfortunately NPF data lead a strong selloff on the dollar. It is right to reconsider the situation and attend newer clearer developments
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We may have gone through the sales trend dictated by NFP data and we could finally see the reversal on this pair that we expect also for the prospects of what should happen with the Fed, but it is recommend to pay maximum attention