We are currently trading at the support level but it is shown on the chart that this pair is really bearish. And also as the Dollar keeps on rising it helps this pair to trade lower and continue it's movement to the downside. Wait for the price to reject that key level before placing a short position.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.