On the daily chart is evident the Head and Shoulder pattern; the neckline (at 1.18) was broken giving a clear signal for the trend reversal also because of the breach of the 50DMA. The currency pair reacted during the end of the week in a likely throwback move. I advice to monitor the price movements at the beginning of next week as a good downward move is on the cards with a breach of the 1.18 support.