The price tested the previous minium area (red zone), if the pair don't break the 129.00 probably start a new uptrend to 50% retracement fibo level.
If the pair don't hit the 1.11900 area, it's possible to re-start the long term downtrend.
The price breakup the triangle formation, then is testing the broked area that is the 62% fibo retracement.
For the short term this pair probably rise to 50% - 68% Fibo retracement.
The price has broken the up trend line and double top has formed.
The price break out the channel, then back to test these break.
The price has touched the 62% fibo retracement.