Strong sell zone in play. Are we going down?

The pair has been relatively bullish until this year where can see it's been having trouble pushing through major resistance @ 1.4260.

Even though last week was pretty bullish for the pair, it looks like it might be starting to lose steam and even rejection from the last day to break resistance.

This would be a counter-trend trade which is usually riskier. However if there's any signal of reversal here, it'd be the safest spot to take it as risk would be minimal. On the other hand, if resistance is broken, then we'd be looking at a retracement back to support area before going long.

Either way, it's worth tracking this pair this week to for an entry opportunity.