Price sees to still be in the PRZ of the completion of a harmonic pattern
. I have heard sells called on this pair. But according to my analysis, it may just be a brief pullback. But it is in a downtrend overall, so the pull back could be enough to catch some good pipage. But it could very likely chill out at the 1.27 support and rise to the 1.618 TP level and then begin its rise down.
I was taught to trade what i see, and use Primary analysis with is Price action, everything else is secondary and is used as confluences only. But you know how we do, we still try to determine where price is going. So I have stated my bias, let's see what happens.