The pair is traded lower than 1.1255 level amid the reduction in the number of short positions for USD. If the pice keeps trading lower than the mentioned level, there is a possibility that the pair will keep correcting to the downside.
The price is higher than the upper Bollonger band, lower than SMA 5 and SMA14. RSI is going down. Stoch are trying to rise.
Trading recommendations: Sell the pair with approximate target of 1.1215 and then to 1.1165.