The pair is showing some weakness around 108.50Ā„ which is 200 week moving average and weekly resistance.
Targets of shorting the pair at that level would be 106.80Ā„ then 103.50Ā„ areas.
However it is not recommended to short the pair now until it confirms a bearish resumption
The pair might continue its rally to 110.60Ā„ and that level would be very good short entry for a long term trade.
My overview for the pair is bearish and targeting 83Ā„ on the long term.