The price is around a strong resistance area. That area has been tested 3 times already with this been the 4th time of testing. Price rejected at the 116.500 psychological level. It has formed a shoulder and a head. waiting on the second shoulder to form and a rally on the upside.
Price broke trend-line and retested it. The price at that level (0.74965) is around a Fibonacci level of 0.382. Rejection at this level and retest at the trend line level shows a bearish cycle about to form. Price could sell to 0.73754 region.