This relative simple drawing seems to be a good accompany to the monthly view, in which the strength of the downward push is noticed. The red TL, which is the upper .5 speed line holds as a support. The price may squeeze within the area enclosed by it and the MUWL1 (this is how I prefer to write mini upper warning lines in short). The pair trades in the oversold zone, and it might be risky to take short trades at the moment. A pullback reaching a lower time-frame resistance point would be perfect to go short.
