so i see this pair moving in a very large range , on the weekly it does not seem to be trending if you ask me. but on the daily we see a very strong move to the upside so there is some nice momentum. still price didnt make a higher high. Its currently moving back downwards. I wonder if this pair moves all the way to the downside , or just to this 61.8 of the last swing. at this zone there is some strong confluence of support and fibs. If we see this pair reacting strongly to this zone we might see a push to the upside and even a break.
If not i think this will drop all the way to its previous low