This is how I see it at the moment:
--- Next week higher high than this week, i.e. you can probably look for short on Monday.
Prerequisite for this: no closing price above 1.19
--- If it stays above 1.1751 this whole month, then the blue variant would be an option.
--- Breaking and closing below 1.1751 (on a daily basis) would first lead to 1.1675, after that 1.1638 would also be possible.
--- Next week higher high than this week, i.e. you can probably look for short on Monday.
Prerequisite for this: no closing price above 1.19
--- If it stays above 1.1751 this whole month, then the blue variant would be an option.
--- Breaking and closing below 1.1751 (on a daily basis) would first lead to 1.1675, after that 1.1638 would also be possible.
The chart here would be a potential representation of what could happen.