Structurally, price action is bearish on all major timeframes. For me all of this price action to the upside was just a technical rebound to a daily level where sellers are willing to enter short for the trend continuation of the higher timeframes.
Daily formed a beautiful bearish engulfing at AOI around psychological level 147.500. During New York we broke below this AOI with a beautiful H2 and H4 Bearish Engulfing candle, with a lot of momentum.
Considering the magnitude of the move overall, I believe this trend is going to continue for some time.