The pair may have carved out a top near its record high at 1,11. Indeed, the break below 1,10 has validated an intraday double top confirmed by a negative divergence on the MACD.
We see a potential correction towards 1,0870 (previous high and 38% retracement). A break below this support would expose 1,08 (former range top).
We might see some consolidation going forward as we don’t expect the pair to collapse.