Conducting top-down analysis, it can be seen that the bears have been exerting their power on the monthly, weekly, and daily time frames in this pair. With the recent bullish price action noticeable in the dollar we can expect a continuation of this bearish momentum should the dollar bulls remain in control this week. However, if we take a look at Friday's daily candlestick close on the DXY we may expect a slight pullback before the bullish momentum resumes, this pullback may provide potential short term long opportunities in this pair. A word of caution to short term opposing-trend trades; it is always prudent to trade in the direction of the major prevailing trend. Patience is key.