The currency pair is very good for long-term investing as shown in the chart. Today I will present two options that should be taken into account when planning transactions. There is no doubt that we have a new downward trend as the price has been falling for 2 weeks. In the first image I showed the continuation of the trend by pointing to the reaction at the support point, but it is more possible that the price will break this level and treat it as a resistance.
In the second image, I presented what condition must be met for me to consider the long position again. Number 1 is the condition for breaking the last resistance. Number 2 is where I would look for an entrance.