It's struggling under low volume to get through the top of the downward channel. If it can't get through there on high volume and retest successfully then we may see another BIG move down. If we do break out and get past the 1.5 then 1.85 is a good target up to 1.91. That has been solid resistance so far and we need to see more volume for that to happen. At the moment I feel a lot of people are on the sidelines awaiting that breakout. Let's see what happens.
@OxbadOded, unfortunately, you're right. There are also other fundamentals playing a role but for now, I work on a 100% TA to keep me sane and have an ear on the ground for the fundamentals ;)