Further to my previous Weekly idea, last nights price action is invalidating the bearish engulfing Weekly candle. From a monthly perspective, the pair has already made a correction to the 50% fib and holding it's monthly trendline. The monthly candle thus far (although not closed) is looking strong. Will revisit this chart next month to see if there are any signals in regards to the channel of a larger degree, or any reason to turn bearish.
