as we can see here on the daily timeframe this pair has been trending in a downwards structure for a while, and now we can see a big triangle has formed with a head and shoulders at the top. now we can see that it has approached back down to a strong resistance level and has tested it. because of the nature of this type of pattern, with reassurance from a low RSI, we should be hopefully looking for a bounce move in market momentum to the upside direction towards the black trend line. only if we get more candle structure confirmation, otherwise we should wait to see if there could be a potential breakout to the downside.
Chart PatternsTechnical IndicatorsTrend Analysis

Aviso legal