Pair is evolving in a quasi-symmetrical triangle. The price had entered in the shape from a downtrend, so probabilities for a continuation breakout towards the lows are favorable for short trades. Three targets defined by height of the oscillations. In case of a breakout, the green one has the highest probabilty of being reached, then orange, then red.
Note the grey support at 1.00, this is a high psychological level that would be tested in case of the "orange" breakout scenario. The optimistic "red" sell scenario would need to break this strong line, not at easy task.