Despite mixed data from the US, our pair again fell into a decline. Currently the dollar index has surpassed the level of 95.00 and demonstrates the best performance since July 2017. Our pair is now updating the lows from November of the previous year.
Considering the chart, we can make sure that the pair has overcome the next resistance level and the upward correction is completed. The MACD is in the negative zone, while the RSI went into the sales area.
Therefore, we advise you to look for points to enter short positions and wait for the price to pass to the next resistance level, which is presumably near the 1.3030 mark.
