If the trend line and the former resistance at 1.2350 are breached, we may expect to rise up till 1.2600 with a pause at 1.2450 and then retraces all the way down to 1.6500 timing Trump's inauguration.
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Let's see if the trend line at today's notch lower 1.23200 will be breached and eventually the former resistance at 1.23500. I still reiterate that the price should reach 1.26000 level for the price to slide to 1.7000~1.65000 level.
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My appologies for the price errors on both my comments. I meant 1.1700-1.1650 instead of 1.7000 and 1.6500.