I am convinced this is the best channel perspective to use on this pair and time frame. As price is rallying, there will be no surprise if we see this bull run end at this 1.618 fib level. This is one of the two scenarios I have in mind. the second one is that price will make it to the top of tgis channel and then drop
. It is not certain to where and when price will fall, but what we know is that we can expect one imminently.