Since the end of January this pair has sold off heavily. Short term the bulls have found their way back but mid and long term I am still in favor of the bears. Only a close above the even handle 1.35000 would change my bias. We are closing in on the resistance zone
between 1.33900 - 1.35000 which is a good area to get short in line with the higher time frame bear trend. Initial target would be around the minor support around 1.32000 and if that level folds, 1.30000 would be next.