DX recovered the 0.50 Fibo spot on 1H adding further selling pressure on another failed top (1.1717). Essentially the price stayed ranged under high 1H (ATR: 0.0019) volatility (Triangle on RSI = 43.294, Highs/Lows = 0) stalling halfway the completion of the projected 4H H&S pattern (RSI = 48.825, Ultimate Oscillator = 49.400). This has created a new successive short term Channel Down aiming at 1.1630 before Wednesday's E.U. opening bell. New short has been added, TP = 1.15531. The 1W pattern remains a Rectangle (Highs/Lows = 0.0000) and you can see on the chart the projected price action as mentioned on the previous post.
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