Techniical perspective. I see a potential short opportunity coming for this pair. The blue lines are monthly levels, light blue are weekly, and black are daily. The area highlighted in blue is a level that matches a fib 61% retrace and a level of resistance plus the candle is going to have to break through the 200 ema as well. There is also bearish divergence if us use an rsi indicator on this as well. I think this might still have a little more momentum to tap the monthly level before it heads down again, the monthly level also intersects with a firm trendline, if price can break out even more I will be llooking to get in on a short. as for risk and pips, etc I will figure that out if this trade is something I want to really consider.
Peace!
Peace!