We are currently at the monthly bearish level further rejection would indicate that the bears are in control (check your higher tf)
We see a 1,2,3 has taken place this month at the bullish buy zone (monthly m2 and PP) however does this say the bulls are done ??? we do not know however we do see that a monthly target is above and this could give us a perfect pull back before further continuation to the upside.
we would like a strong trend and not a weak one so a pullback to our 38.2 or 50% is better suited than any other level that we have available before
a weaker EURO would be great and a short term strong CHF would be nice to see for this pair