Trend has been bullish since July 13th.
We are waiting to break and close above 0.9120 to enter a long term trade to the upside and reach to the monthly high in March.
The break out means we are getting back into the channel.
Set your alarm and wait patiently for a break. No break = no trade!
beginning of this week the trend of last week was reversed from a bearish trend to a bullish trend.
Seems like its going to test the downside of the channel and might break out of it to follow to same path as last week.
For now its looking like it made a new Lower High.
For a possible position wait for a breakout and re-test.
After a H&S pattern and a sideway movement of almost a week the trend is still considered Bearish.
IF the 4H Candle will close beneath the minor support leven of the 1th of june 132.750 We might see the downtrend continue and fall back into the channel :)