This is a huge play, Last Friday we saw the inverted H&S play out on this pair. With a daily bullish engulfing we can expect more upward movement, we just need a good entry. Allot of things have to happen for this to play out and we will work it as it comes. We have to understand that the 50% fib aligns up perfectly at resistance at 1.1925. A big play would be the Weekly H&S pattern that never played out. If price reaches this level we have the possibility of this playing out, this will hit a major key level at 1.207 and a overall fib move from the 61.8. This is something to put on your watch list.