The price will first finish its retracement cycle (downtrend) to either zone 1.74700 or zone 1.74200. This is being calculated and it is a prediction level by the fibonacci itself. Trader/Investor might need to wait for a reversal candle or any rejection confirmation that might occurs at one of the zones. If the price breaks the level of 1.73909, then it will consider as a new trend of downtrend occurs.