As you see in the 4H chart, there is a downtrend which has approached to the support level. Price couldn’t make a higher low in the last downside move and was pushed to the upside after testing the support level for the second time.
IF price can break the 1.38 level to the upside and candle closes above this level, we might see a reversal in trend and a rise in price around 1.39 in the future.