Very possible with the forecast of lackluster USD data coming later today. The setup is already in a descending channel. Last time we traded this pair, we made a great deal amount of pips from a break of an ascending channel. Lets wait for an entry short!
Comment:
We weren't given an entry short, MA's had crossed giving a short but present bull run. Price is back to our area of concern where short's can be thought as a possibility again.