The pair is forming a termination pattern which could mean a major correction of a downtrend or a complete reversal.
The downtrend becomes exhausted and the price is less volatile. Therefore price behaviour is featured by small up and down moves, which finally resolve up.
However, it is reasonable to wait for a breakout from the current pattern and a small correction for a better risk-to-reward ratio.
Some weeks Fractology has made a similar forecast on GBPUSD https://www.fractology.biz/single-post/2017/05/19/GBPUSD-might-fall-very-soon and the prediction worked fantastically.
The downtrend becomes exhausted and the price is less volatile. Therefore price behaviour is featured by small up and down moves, which finally resolve up.
However, it is reasonable to wait for a breakout from the current pattern and a small correction for a better risk-to-reward ratio.
Some weeks Fractology has made a similar forecast on GBPUSD https://www.fractology.biz/single-post/2017/05/19/GBPUSD-might-fall-very-soon and the prediction worked fantastically.