Currently it appears that price action is set to continue its push to the downside and if in doing so will form a Formation.
I predict price action will either do 2 things
(A) - test the lows of the minor structure level around the 1.16500 (price could possibly test it and bounce back to the upside or blow straight through it!!)
(B) push down to the D entry and have a text book cypher!!
(C) push all the way down and test the monthly lows zone.