According to the Forex calendar, we are expecting FOMC meeting minutes today at 19:00 GMT daylight. This news event hopefully will move the market to confirm our AB=CD pattern. The bulls are waiting with eager to get in the market while the bears are ready to take their profit and go home.
As illustrated on the graph, I am anticipating the market to come and retest the level 1.07758 and dip it down to 1.07506 firmly. Also confirmed with the cross down on the MACD indicator.
Later on the MACD indicator will form a divergence for bulls to come in.