This pair is currently in a nice downtrend. I am expecting price to retrace to the 61.8% around the 1.33110 zone highlighted in yellow. A bearish engulfing was formed on the Daily chart and now price is currently retracing that huge candle.The critical zone highlighted in red is where we are expecting price to reverse because it is in confluence where they lies an indecision zone,trend line break retest and the 61.8% Price reversal zone.