A possible bearish Flag pattern could be forming on the 4-hourly chart. If price were to break below the lower trend line, confirming the flag pattern, the target is at 1.1170. MACD is bearish but there is a bullish divergence warning. However on the slower ,12,26 and 9 parameter for MACD, there is no divergence warning. Stochastic is in the oversold zone but given the bearish trend, could stay weak.
Sell at 1.1215 for 1.1170 with a tight stop at 1.1245.