although I think its still bearish due to the weekly close and the overall downtrend. This pair in the bigger picture truly has little downside left. Over the 4 years this its been consolidating since it broke below the monthly and yearly lows in 2005. In my opinion this is a pair big banks are looking to invest in over the next years. Yes I said INVEST and in INVESTMENT! buying every dip will be a good way to start dollar cost averaging into a position.