The down trend is probably over, but there's still resistance up ahead. The last swing down didn't make much progress below the prior swing low. So a small move down and a retest of the long-term bear trend line
is likely to happen with a switchback bounce off of it, unless the developing short-term up trend prevails now and breaks through the level of 0.925 without looking back. Generally, it looks bullish
to me, but not bullish
enough to go long A61!
, unless against the JPY or the CAD.