On the 1 hour chart, we can see that the price has been diverging with the MACD for some time. This is generally a sign of weakening momentum often followed by pullbacks or reversals. In this case, we got a breakout of the trendline which should point to a reversal although we will also need a break below the key support zone to confirm it. The buyers will likely pile in here to position for a break above the major downward trendline, while the sellers will wait for a break below the support to position for a drop into the 0.6272 level or use this pullback into the broken trendline to position into the break of the support with a better risk to reward setup.