Looking short on this pair, as you could see price is at its 8 year highs. We have 3 lower highs with oversold on the and PA confirmation. Price has breached and retested the upward demonstrating momentum building up. Our downside targets bing 121.600, 118.750 then possibly 117.000. However, we also plan for the worst case scenario if price breaks above and closes above the then we can see further momentum up to 125.600.