Going to retest those two particular levels, than a possible bearish move. It could go up but I don't think so based off of market structure.
AU to hit the floor, 0.75000.
$1.33 is my next level of interest, going to be seeing a retest of $1.31.
Expecting the dollar to lose more strength in correspondence that the Euro will rise today.
If we see DXY rising we can see a lot of the major pairs drop. We have a crossover @ 61.80% fib level, so we can either see a bounce from 50% or 61.8%, although I believe it's 61.80%.
Only offering 80 pips, but looks promising.
Chart says it all, monthly low will be meet again.
Divergence. I've been riding this wave down, nearly up $1,000. You can ride the down wave to 76.000 but be sure to catch up the up move.
Price is going to hit Tuesday's high taking out buy stops and reversing back to it's true trend.
We're seeing strong rejection from trend line as DXY gains more strength. We have buy stops that need to be taken out which will see this week.
Bearish leg needs to be completed, we can see a bullish week coming ahead.