There has been a strong bearish move on the left hand side, which has near enough corrected, also there is a heads and shoulders pattern formed on the chart too with price creating a higher high and higher low from the right hand side but overall it has a lower high compared to the left hand side and price is pushing down again creating a lower low, however it has failed to close past the fractal low due to the potential support level there is underneath, indicating that price may want to push upwards to test the resistance zone and if this zone is broken then we will be looking for buys possibly, if not then a sell could be confirmed for this pair. Hope the analysis helps :)