headed towards a retest of two key resistance levels that may allow it to resume uptrend. The first of three red lines needs to be passed to confirm bullish
sentiment. Second red line at 1.1272 is crucial on bullish
advance strength. If this resistance level
is rejected again prepare for a pretty decent short opportunity in my opinion of about 150 - 200 pips. The rise though can be 400+ pips if 1.1272 resistance is broken through.
The dollar weakening will also help this out.