On the H4 chart, we have a bearish bias. To add confluence to this, price is under the Ichimoku cloud which indicates a bearish market. If this bearish momentum continues, expect price to possibly continue heading towards the Pivot at 1409.75, where the 38.2% Fibonacci line is.
Price may go back up to retest the resistance at 1433.75, where the 50% Fibonacci line is.
There are no major news