The price has meandered down to test and fail at the 61.8 fib level (0.70031) which is coupled with a level of support found at 0.69908. I see signs of a newly formed ABC formation which could lead to the possibility of point D being formed at the 161.80 fib extension (0.7345 - Target 3 I am using the andrews pitchfork tool to illustrates how the price will want to move towards the median (red) line and giving another good opportunity to enter long on the break and re test of the median line. Looking to enter upon a bearish candle stick reversal patten presenting its self.
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Trade is still running, Currently in 34 pips profit.