Hello everyone, As previously anticipated, months ago, the downtrend for the pair is back in play following a positive shift in the Fed's policy and forecast for the us economy. Technically: • The pair is bullish short term, trading inside an upside parallel channel. • Next resistance is the weekly high at 1.1670. • Second next resistance is somewhere near 1.1720 where 3 critical points meet: 1- 50 day moving average; 2- Upper band of the ascending channel; 3- Descending trend line from May 21. • Third and last resistance level should be at 1.1750 where, if reached, the downtrend should resume.