When this kind of pattern completes, we usually look for a .382 price retracement and potentially a . . In this case however I believe we'll only reach the .382 and reversal back up might happen around 1.0890.
If that is the case, I will be looking for a potential pattern right into completion of the you see in the chart where we have quite some fibs aligning around the 1.12 even handle.
I know it's still far off ... but just keep an eye on this chart and see how it evolves, I know that's what I'm going to do. :)