I have been looking at this pair this night and have placed an order. As we can see we have had a structure develop in the price movement, two impulse waves to the downside already. We are in a third wave right now. Stock markets have been selling off to begin the week so i think its valid to assume we will have a push up to negate this a bit.
By looking at RSI , MACD and other technical tools there is a potential for the price to move higher from current levels.