This pair retraced about 500 pips from last high.
Now is about to touch PRZ near the round level 1.900, a nice area for a bounce
The B point of the bat is not touching the 0.61 level, so the pattern is valid.
I expect a target a least to the 0.38 level.
Yes, the news were too strong, some things are unpredictible. Unfortunately i closed my long term trade too early. I forgot to consider the long term patterns are stronger than short term. Its a lesson lo learn......
If you review this trend and its HWB swings you will see there is about5 or 6 of them. And they are getting weaker and weaker, the last one pierced the 61.8% retracement but continued long. I believe the big money will flip this pair soon. Not saying your trade is invalid, just being the devil advocate :)