The price is retracing after a big downtrend or it could be reversing the trend but it's too soon to say
the targets are the major MOB levels which corresponds with Fibo:
1- 16.4500 which corresponds with .382 Fibo
2- "17" which corresponds with .681 Fibo
Dollar has reached an important price where it is meeting an important demand zone. Anticipating a rebound from this level.
If the weekly downtrend line is to break next few weeks then we have gotten an important zone to mark for the future.