The counter has been declining ever since it hit the 52-week high of 1.14208.
It found support with a trendline and trying to claw its back.
It is evident with the formation of an inverted head and shoulder pattern, however, the neckline seems to be a tough nut.
A break above the neckline can push the price either to resistive trendline or price action resistance of 1.12920.
As the pair has consolidated for a longer duration, a break above the resistance levels is feasible and in case it ferments, it could lead to a strong bullish move.