The overall trend is downward. The price pivot zone of 1.7170 holds back buyers. The ascending wave pattern of the H8 level is truncated. A bearish divergence has formed on Awesome Oscillator, and the Stochastic Oscillator signals overbought conditions.
Trading idea:
Sell when a descending wave pattern is formed, which will complete the ascending truncated pattern by breaking through the inclined channel.
Stop loss under the local maximum (1.7170).
The target level is 1.6860.