Price has finally broken out of this consolidation which it has been stuck in from january 30th onwards.. broke out with some strong momentum and looks to be coming back to retest a very strong level of support which is also in confluence with the yearly pivot R3 and 50% fib .. this may also create a lower high which is needed to then give price the chance to run down to 50% fib on the weekly if you check my previous post on this pair..... :) .. i will also be looking for price action on 4hr and daily to get in on this move if it plays out as planned