Price is heading towards a level of strong resistance. If the price gets rejects here we can continue to head downwards. Look out for a close under 1.95597 on the 4H timeframe. Another scenario would be price breaking this level of resistance and retest this price level and continue on an upward trend. If the price rejects in this area then price can continue to head downwards.
There is also currently an opportunity for a short term sell to 1.93716 as plotted, as there needs to be pullback on a 400 pip upward move.
There is also currently an opportunity for a short term sell to 1.93716 as plotted, as there needs to be pullback on a 400 pip upward move.