After a volatile NFP session, the market is making a case for shorting on this pair, which has been on a clear down trend over the past few weeks. It is now consolidating on a lower TF which gives us a great opportunity to anticipate its next move. This is one of the few pairs I'll be monitoring into next week in anticipation of market moving events coming up.
Comment:
Nice consolidation right now, making the last impulse down more likely.