A better entry with lower risk can be after breaking down the 1.1894 level.
However even right now we have a decending triangle formed, and a broadening wedge which may be considered a continuation pattern.
In another view, the area around 1.4 level which has been bottom for couple of times was broken and retested successfully, and a lower high was created that adds to bearish possibility.
Break above the major resistance area (≈1.4) will be the total failure of bearish scenarios.
However even right now we have a decending triangle formed, and a broadening wedge which may be considered a continuation pattern.
In another view, the area around 1.4 level which has been bottom for couple of times was broken and retested successfully, and a lower high was created that adds to bearish possibility.
Break above the major resistance area (≈1.4) will be the total failure of bearish scenarios.
