I have seen a bullish setup in this pair. Points that made me consider this trade.
1. Price is at a discount, although not the discount I would want, but still at a discount.
2. The risk-reward ratio is good.
3. Most people are not sure, that Price will move without some people.
4. In any market nobody will be willing to sell at a place where they will get a loss, so people like to sell when the price is at a premium. Those are just but a few. In taking this trade, I consider risk managing my capital and therefore I have pulled the trigger. If all goes well, I have covered my next 10 losses for my future trades.