I think it is going to the bottom of Channel bigger sideway!
It has potential reversal zone around here.
If break down more, I think it is a potential downtrend in bigger timeframe. Short only. no buy.
Im going against the rally of the dollar and bullish bias of this pair looking for a nice retracement short. Rejection on and break back into the previous longer trendline Also we have a BB% trend break wich validates this idea.