It's not yet confirmed, but I think that we will see the move in question start after NFP.
Rgmov is showing interesting strength, hidden amidst the apparently chaotic chart.
Since we're mostly range bound, the logical thing to do is to fade extremes, this just happens to lead into a great trend continuation play, if my analysis is correct.
Do your due diligence and only trade this with a strategy in mind. Mine won't trigger until EURUSD drops some more, so for now I'm short.
I'll keep my followers up to date with the latest trade management cues and intermarket analysis via my Collective2 signals page, link is in my profile.
One of my primary rules (maybe the 5th most important): do not see or envision something into the chart which is not there!
That's why I try to do price action following analysis instead of predictive analyses which I often see from others.
Obviously no one can predict the future, what we can do is to described present possibilities and outcomes. Do you know what is the best way to get the future behaviour right? Participate in the present price action! ;-)