Looking at how the chart has been acting over the last several days we are seeing constant testing of Trend lines and S&R lines.
There is still a little bit of a movement to the downside to test a support around 0.71600 if it doesn't break through i'm looking for a break to the upside around the Fibonacci 50% respecting the downwards Trend line then break to the down side.
Also may be a valid Butterfly Harmonic
**Of course this could be completely wrong and the market just drops it like MC-Hammer
There is still a little bit of a movement to the downside to test a support around 0.71600 if it doesn't break through i'm looking for a break to the upside around the Fibonacci 50% respecting the downwards Trend line then break to the down side.
Also may be a valid Butterfly Harmonic
**Of course this could be completely wrong and the market just drops it like MC-Hammer