The pair is in a downward trend trapped in a bearish channel, the price is heading to the channel's maximum area, the indicators do not show turn, it is most likely that the pair will head back to the 12.43 area, and from In this area we will see what the pair will do if it goes back to zone 11.50, or on the contrary there are signs of a change in trend. Most likely, the FED will raise rates but show a much softer attitude, given the doubts generated by a strong dollar.