Multi-month suggests to be at its end (almost two typical day bars high).
Note that the previous drop was determined and vigorous, in clear contrast to the to following 3 months.
Under theses circunstances, this pattern often precedes a downtrend move.
Central Banks appears to be on different path - US counterpart possibly rising rates in Q4.
China slowdown perhaps extending longer.
Resolution to the upside, where April high at 0.7835 could be tested.
Some US economic data being not so good, contrary to current resilience
Persistent hesitations from FED.
Levesl to watch for short to medium term trading
Level 1 @ 0.7425, Level 2 @ 0.7325, Level 3 @ 0.7165
Dear traders, have a nice weekend !