This pair has been consolidating inside of a bearish pennant over the last couple of months. I believe that it is getting ready to break through the bottom trendline and head further down. If price bounces off of this key trendline, as it has been, it will complete the formation of a valid head and shoulders pattern, visible on both the H4 and H1 charts. Based on the movement, I see price pushing down below the trendline, and continuing on further to the next point of resistance, around .87854. I am planning on stacking my trades, placing another one upon the breach of the bottom trendline, moving my both my prior SL and new SL at a point just above the trendline, in case price retraces to test the broken line.