As you can see - this pair is testing the trendline again and is clearly in a downtrend on weekly&daily bases. However, I wouldn't not like to short that one here as the trendline has been tested quite many times and its value is questionable.
But if we should see a break to the upside, I would really be intereted in the area between 1.6100&1.6200.
But if we should see a break to the upside, I would really be intereted in the area between 1.6100&1.6200.