The pair is declining.
In our pair we see alternating descending peaks, which is a sign of a downward trend. In general, if a pair wins back something within five candles, then it will probably lose positions with the next candle.
The dollar index is again above the 95.50 mark and shows growth for the second day in a row. At the moment, the pair found the support level at the level of 1.3050. Now the pair is consolidating near the resistance level and is trying to overcome it. The pair is also approaching the MA (48).
We believe that the downward movement will continue. We recommend waiting for a breakthrough of this level. Then look for points to enter short positions and set take-profits near the levels of 1.30 and 1.2965.
