We saw price stall around the 1.15600 level which then formed a double bottom
and a breakout, which indicated a medium term trend shift. Considering price has been bearish
making lower lows and lower highs for 40 days, price finally found support at the level indicated forming a neckline for a possible H&S
formation on daily time frame.
For reference check DXY
also, which is forming an inverse head and shoulders