EUR/USD reversed from the 0.618 Fib (1.2349-0.9536) downtrend at 1.1275 and subsequently closed below the broken uptrend line. It bounced decisively from the 6/26/23 weekly close at 1.0911 and formed a weekly doji candle in the process. 8/4/23 NFP print has sent it higher to 1.1042 but on the 4h chart the downtrend line is still in place at the time of writing. All the MA on the 4h chart are turning up though. I went long at 1.0930 and have added to the position at 1.0996, the 7/31 daily close. On the downside, a stop below 1.0911 is in place. The upside target, if any, will be determined by USD CPI this week.