I Think there might be a breakout of the violet channel to the downside , and that breakout may lead the pair to fall below the red resistance line of the previous !!
The breakout of the red resistance line of the previous should be with high and spread in the up direction , however the shows lower volumes interaction with that major resistance line which may cause that breakout to be just a false one !!!
There is an formed shown with yellowish lines
The pair is in a critical levels and there is a strong move coming and it is more expected to be in the up direction as long as price action is above the green line which is a major support .
There must be a a bearish test before the new bullish trend is confirmed and continued !