There is potential for price to find support around 0.71935+/- as buyers will be looking to enter the market on key reversal areas.
As reflected by the ATR price is approaching consolidation. On the formation of a new structure low look for price to rally for confirmation of the beginning of the next impulse wave.
1) approaching overbought.
2) Cross between moving averages
In the case of a breakout look for a short position, as downward pressure will be strong on the break of a 0.618 Fibonacci level.