It formed a significant high of 1.14800 and unable to hold on to the gains it slid down to the support of 1.13582.
It then made an effort to take down the previous high but a head and shoulder pattern has formed.
So, the entire structure could be attributed to lower high formation in the making.
The indicator also confirms the set up by moving on the terrain.
However, for now, we expect the pair the retreat to the support levels of 1.13582 and 1.13428.