When checking the dollar index, it seems finally it has broken downward channel and forming something like an reverse head and shoulders pattern. We have seen dollar strength accross the board ... What's going to happen next?
Even though he completed 1,618% of the previous fibbs retracement, pair has broken bearish cannel and currently, I will wait...Directional bias is up, but from the picture I cannot really tell where the good entry lies.
Weekly more longer term view... This yearly pivot acted as a resistance, but once broken was a support.... personally I think we're going up, but fellow traders, let's trade what we see not what we think :-)