The price broke through the bearish trendline on November 3rd but has not been retested yet. I expect another leg lower to retest the support level at 1.21030 and the broken bearish trendline. From that level, we may see a reversal in the trend and a pullback to retest the resistance level at 1.23760.
NOTE: Do not apply trades blindly. Wait for confirmation and always analyze lower timeframes.