The 4 hour chart looks to be way overextended to the upside since July and a pull-back maybe overdue as seen by eroding price action over the past two weeks. Price action inability to rebound above the declining trend line connecting prior peak at 1.1844 to 1.1794 level may lead to a bearish trend change. Looking for a retest at $1.1662 which would take it out of the channel range. Confirming this move would be a strengthening price in DXY, USDCHF.
@ChhayhengAmor, I'm expecting to pull back to $1.1717 then if it fails to hold a retest towards $1.1662 level is possible. If there is a run towards USD due to geo-politics & risk averse sentiment, then euro may retrace all gains experienced this summer.