As you see, the bearish pattern got formed at 23.6 weekly Fibonacci resistance and 50 EMA, 200 EMA are also above the pattern. On Hotforex charts this weekly pattern looks slightly different but nevertheless NCH identified it as Bear Sash. If you you look at FXCM chart it is a fine Bearish engulfing, very reliable pattern. And on monthly price stalled at lower edge of Mother candle (May) that holds 5 inside bars (months). Once it breaks through 1.5090 (Mother candle support) price will drop to 61.8 monthly Fib level (1.2092) forming head and shoulders. Considering EU unstability with the Brexit price might drop to 1.61 Fib extension (head and shoulders target).