On the H4, with price breaking the ascending trend channel, we have a bearish bias that price will drop from the pivot at 1.07910 at the swing high to the support at 1.06185 in line with the 38.2% fibonacci retracement and overlap support. Additionally, there is a bearish divergence on the RSI indicator which further supports our bearish bias. Alternatively, price may reverse and rise to the resistance at 1.09570 at the overlap resistance.