In the previous analysis I have pointed out that the two things can happen. the pair could reach $1.19000 and then make a pullback to $1.18200. Both points were realized last week in just one day, on Monday. The price did not stop at the $1.18200, but it broke through the uptrend channel support line. It stopped at the $1.17500 level and bounced back to the uptrend channel support line. It seems that the range area between $1.17000 and $1.19000 is still holding the price from moving up or down. Since the price broke below the uptrend channel support line and it bounced back to the same level I am now open to sit and ... (full story)