1) Red Box Price bounces off from 20 and tests the year long again.
2) Blue Box Price bounces off 40 . After the retracement, price might test the annual .
*See if the daily candle makes a higher high compared to the May 3rd candle.
*If it does, there's a good chance we're going to climb above 1.16. (We are, after all, in a rising trend).
*If not, this might be the start of a cycle for EURUSD .
*Either way, what we do KNOW FOR SURE is that EURUSD got rejected at annual resistance at 1.16. Thus stay until proven .