Current downtrend, but price looks to be setting up for a BUY...

Overall this pair is in a current downtrend, however price seems to be hitting resistance at the 1.29000 price area.

Looks like another drop may occur, if you are looking for a BUY, wait for price to drop around the 1.29160 price zone

If price rebounds long aggressively, then enter in on a pullback and ride it to the 1.31165 price zone (and wait for confirmation of price continuation)