A very strong sell setup is about to be formed. Price has broken a key support level, pullbacked to test it now as a resistance and now moving into a corrective structure. Just wait for a breakout to the down and short this pair. Stoploss should be the previous high wherever this forms and as profit target we should aim for 1.27 of the fib level of the impulsive wave which broke the support level.
Key support level now acting as resistance:
Key support level now acting as resistance: