The price is in strong downtrend. It just passed the level of 1.53348, which is the 38.2% fibonacci retracement level and it is heading towards the 50% level of 1.51880. We should wait the reaction at the opening of the market. A movement below the level of 1.51880 would lead the price at the area of 1.5041/1.4968 which is a buyers territory.