has been bullish
since the bottoming we pointed out in early 2016. Now 2.90 has become an area of previous structure where we have held up recently printing a pin bar
and bullish engulfing candlestick
. It is possible we go lower before going up towards 2.70-2.80, but highly unlikely. The next area of resistance will be the 3.40 area and then around the 3.65 area as well.