The price action is dictating to us that this pair does not want to turn and break the low, but instead a continuation upside is likely. We have broken the small trend line and are looking for a continuation pattern to keep going. Expect a move up to break the 1.8498 high and possibly even continue further to breach 1.861 / 1.865 range. Look for the move to go from here or it can make 1 more small down move to bounce on the previous trend line before reversing back up.
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Hard rejection guys, the move just ended I think.. (for now) I think we have to see what happens after a move back to the trend line to see whether it will completely go down or is it just still in correction for a bigger up move.
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So far, so good. Let us see what happens what happens at the trend line! I will keep you posted.