Over the past week or so the pair has been through a period of consolidation. Consistently testing support at 0.72741 level forming this horizontal support line. While continuing to form lower highers. Forming a .
Descending triangles are continuation pattern. I expect we will see a breakout to the downside later this week, If this is the case I will drop to lower time frames for potential shorts. My only concern is i believe the DXY is getting stronger, so this could influence this pair. What do you think? let me know your thoughts.