if we are in a new downtrend, bears will wait for a better reentry @ 1.3313 & finish a head & shoulders pattern. Dealers @ the same time will gathering bear stops as the mushrooms
after reaching 3313 short with target 2890!
Whilst it is possible. I am not sure about the H&S as there are several on the monthly there is another inverted H&S which will be triggered above the last high 1.37 so which one will play out in the end is not very clear.
DanV thanks for coments! I am expecting this move like a dead cat bounce. All we know what will happened at the end of march with this automatic sh*t in USA & thats why i expect automatic short on all pairs with a dollar rising