There is a large bearish AB=CD pattern on the left, and a long shadow hammer pattern appears on the daily chart, indicating that there is obvious pressure on 1.19, and the price may continue to adjust downward.
The weekly chart is under pressure on the midline of the downtrend channel
If it is an uptrend, then the price needs to stay above 1.218, but this is not the case now, then there may be more room for adjustment below, which may need to fall below 1.175 or 1.7 before we can confirm the continuation of the decline.