There is a downtrend in both Daily and Hourly timeframes. As you see there are lower highs and lower lows. Price has retraced more than 50% and has approached to the resistance level
shows that the upward pressure is decreasing. Bullish
candles are also getting smaller and weaker. I expect a fall in this pair and if price retest the 1.78900 again, it is a good entry level to go short.