We've had two long corrective phases since December (of equal duration and slope). According to the wave count we're approaching the start of wave-3/V. The fifth wave would most likely be a wedge
as it continues to push into multi-year resistance. Support seems very solid at about 1.645. There's also a nice trend continuation Gartley
. The pair is admittedly losing upward momentum, but I think the market knows this pair is going higher and there won't be many sellers out there to drive this much lower.