There are some points that we need to mention : as we can see in chart 1- an uptrend is broken towards down with a bearish Marubozu (almost) candle 2- we are too close to a great support level with 3 touches in past 3- RSI is in oversold range So we can be hopeful to this nice support level for entering a long position BUT we need to be PATIENT and wait for price action and confirmations ... so let's keep looking at this pair and see what's gonna happen ...
Are u gonna be a bull or bear in this pair ?? I'd be glad if you comment your opinion and tell me your view about it :)