Price could not break 1.50 level last week and did not make higher highs either as price was trading a range for a few days, and has broken structure level to the downside and retested that level twice before going even lower. Today price broke down again below previous lows (look left structure leaves clues). Now it has retraced back to previous support, testing as resistance. And if the price can hold at this resistance and show us any bearish signal as a lower low-lower close candle or any candlestick formation, then it may give more confirmation to further downside for this pair.