The pair is on a 1D descending channel (RSI = 54.741, MACD = 0.001, Highs/Lows = 0.0000) that made a Lower High last week but we expect to break higher due to the larger 2 year formation on 1M which is a Descending Triangle. This calls for a Lower High within the highlighted zone (red) before a deeper decline towards the 1M Support. Our target is 1.05000.