In my previous notes, I have stated that the pair will make a correction towards the first red marked zone, but the impulse is so strong today, that it managed to push above it. Currently the price meets strong resistance in the second red zone and 78.6 Fibo. I expect the price to push inside the zone before meeting the heavy selling. Price remains in long-term downtrend and this short-term correction is at it ends. I expect a second test on the neckline as well before the bears take official control and push the price back again towards the target of the figure.
