Overall bullish momentum remains.1.5950/1.5750.
Daily -
Daily charts inability to hold below the Daily 200 Sma points to another attempt higher. Ideally the upside target of the CD leg will complete at 1.5947 the 88.6 Fib of the BC leg after a 113.0 retrace of AB.
Also visible is a possible SHS pattern where the current price action may be forming the right shoulder. Neckline currently resides at 1.5585.
4 Hourly -
Bearish Butterfly pattern still in force Max price target is 1.5958. Above invalidates. First target remains 1.5747.
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