The H4 chart suggests that the pair may get choppy here. The level of 146.000 may be very significant if the price makes a bearish breakout here. The sellers may go short upon breakout confirmation and a bearish reversal pattern. However, the buyers may have to be very patient if the level works as a level of support in the H4 chart to go long in the pair.
I agree with you. The technical picture suggests traveling south to area 133.The pair made a massive bearish move in the H4 chart. The price is having consolidation. A bearish breakout at consolidation support may drive the price towards the South further.