Following 2 weeks of heavy selling price may be able to find support at the local trendline. Price is also at the 50% retracement of this recent up trend. I believe this pair will pick up buyers around this level however with the weekly rsi showing bearish divergence i believe buying pressure will be short lived and we will see a trend change in the form of a head and shoulders at 1.64 or the 50% of the recent swing light to swing low creating a new lower high.