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



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