A downward channel is very evident on this chart, constantly creating Lower highs and lower lows. At this point, we have been ranging in price @ 1.70250 and 1.71500. Looking for a breakout and a retest on the 1.71500 to the upside for possibly a 120 pip move on this pair.Worse case scenario, the breakout can happen towards the downside, in that case we can look for possible sells to 1.6800.
