Monitoring this pair all week to see if we could get a spike to the upside to try and test this obviously downtrend we are currently in. The latest news that came out for the US gave us this spike with a perfect touch of the 61.8% fibonacci retracement level and a close below the trendline. This looks to be a perfect short entry. I would wait for a 4HR close but I do Believe this a great trade with a tight stop loss. Aiming to take profit at 1.10541.