This currency pair has been in a downward trend for about a month. We are currently almost at the upper limit of the trend line. But we are also at the level of an important resistance level. Given the structure of the previous price action, we can now expect a rebound from the resistance level and almost from the trend line, downwards. This would create another structure where the price would break through the original support and when it is possible that the price will reach a new lower low (lower low). Therefore, for us, an ideal opportunity to enter a sell position.