The 2 circles showing are the main lower lows of this bearish trend
, you can see the reversal has happened as the pair had seemed overbought. I do believe that the trend will retrace in order to breakdown to a more lower point of the chart. You can see the downtrend has broken the higher lows of the bull
market. I believe the next lower low will break beyond the higher low by a small margin. I will be starting at the point of 0.85273, which could be identified as head and shoulders spinning top
, this will eventually break which I believe will carry on the downtrend.
Opening point: 0.85273