The immediate path forward depends on how the pair handles the break-and-retest zone between 0.8050 and 0.8080, where the former channel trendline now acts as resistance. A rejection at this level would confirm a bearish continuation toward 0.7900, with further downside exposing the May lows near 0.7800. Conversely, a sustained daily close back above 0.8080 would invalidate the breakdown as a bear trap, opening the door for a recovery back toward the 0.8140–0.8170 region.