This daily chart shows a series of lower highs and lower lows which defines a downtrend. Last Friday, this pair printed a new 13-year low. It doesn't get much better than this when looking for a currency pair to trade. I would continue to look for selling opportunities in this pair as long as the market stays below the 1.53291 buy side high of February 25th.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.