I've taken data from the dollar index season tendency chart and have come to the conclusion we could of established the low until end of year in September. On the chart you can see the way I think this could play out. I have colour coded the lines for each month feel free to come back and see how it has faired against my prediction.
so if u look at the chart after the breakout you can see that price has consolidated after touching the .50 , we are now waiting for price to break the yellow box to see what happens next im certain if price breaks above we will see it touch the -0.27 at an minimum , lets see what happens..
As you can see price is in narrowing trend , expecting a break in trend to the downside to test the resistance and form h&s formation before shooting up for previous highs or at least to last weeks highs minimum (100pips)
As you can see the price touched the 0.618 on the fib and wicked multiple times showing stress , just going to have to see what forms in the next few hours . if i see consolidation im expecting a reversal
ON THE FIB RETRACEMENT CAN SEE IT TESTED THE 0.618 CONSILIDATING NOW EXPECTING THE DROP TO -0.618 SHOWN ON CHART PLEASE GIVE THUMBS UP IF YOU AGREE WITH ANALYSIS