The pair has reach the end of the Fib Expansion and has surpassed the ABcd Patter. It is currently OS. on the RSI. This is telling me that this pair is now going south..
Caution:
If the price action breaks above close above the 118.500 line this invalidates the pattern.
Fundamentally:
Fundamentally going short on this trade is suicide,, as my MBA cousin told me.. this pair is fundamentally long..
However:
I do believe that the Market is Harmonic.. and that it follows a certain order or language.. and right now it telling me to go short....