The pair is in a period of forming a HS pattern. The RSI i s decreasing, the uptrend is broken and the US index is weakening. The short should be at RSI 0.5 points or lower to be sure of a down move. The waves I have charted will most probably form in a longer period of time. The slope will be more slanting.
*Disclaimer: this is for educational purposes only*
*Disclaimer: this is for educational purposes only*