Daily chart - Short term trend up until around 1.1696...

Short term trend is up. Market is accumulating strength for a while now and it will explode in any direction.

Resistance at around 1.1696 can call in the bears big time if it holds as double top - target 2.

If resistance is broken major trend becomes bullish and it may have strong run up. Resistance can also be retested as support and we can have very strong run up.