The orderliness of this pair is dazzling. The dominant monthly trend is bearish, and we may soon see the continued long-term downward action. The price has been rejected by the SL, blocking its way from the MML. Abandoning the final leg of the uptrend in the lower time frames will most likely to cause persistent selling. Stoch divergence in play, and a bearish crossover seems imminent, for which I will wait before deciding to enter a short trade in lower time frames.
