I Think the pair is testing the resistance line. So if it not break it will still keep going down. Lets see.
As you see i am looking at support and resistance. It is working for now.
I think situation right now is that this pair is testing trendlines. I Think it will touch the next trendline @1.14400 And then it will go back down untill take off.
After a while it will touch the buttom. Probably it will reach the last, higher resistance and then go till buttom. Lets see.