on the weekly time frame the graph has formed a head and shoulder pattern. there are possibilities of the price to break the neckline and continue the downtrend, however if you are looking to enter a trade based on this analysis i would advice that you wait for the price to retest the 1.31884 level or kindly check smaller time frames for a good sell opportunity. I have noticed that on the 30 minutes time frame the graph formed a double top pattern and its already looking to continue dropping