There is a 'head and shoulders' pattern that was sketched on the H4/daily chart. That might push the price lower to values below 1.1040.
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Bears are leading for now.
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The pair is consolidating.
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The pair reached the weekly pivot at 1.1117. If it doesn't cross and close above it then there are high chances it reverses and moves downwards.
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There are signs that the pair is prone to go bearish and so break the neckline later on.
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The pair reached TP1.
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The pair reached WS2 at 1.1029 and so might reverse and move to day open 1.1055.
