Technical oscillators support the bearish trend for the currency pair
To support our analysis we will see MACD (Moving Average Convergence Divergence); we see that the buying pressure is losing traction and that both EMA lines are in a downward direction, pointing to cross the zero line. RSI give us the power of the market; it tells us that the strength of the market is on a bearish direction, after touched the overbought level, which may represent a selling signal. Also, the prices are getting close of the up Bollinger band, which may reveal an overbought and a slump in the currency pair.
