Looking daily chart, I’m still not convinced, that 61.8% retrace was deep enough, so that price could move up again.


So I’m still expecting that price could retest monthly support at 1.55 and then head up again, option (1). Or second option, that we will experience even deeper retrace to 78.6% Fibonacci retrace, or even a bit lower, to test lower trend line of drawn channel and 88.6% retrace and then look for long signal again.
There are Manufacturing PMI and Caixin Final Manufacturing PMI news in China during night, and lots of Australian news, starting with Building Approvals m/m, Cash Rate and RBA Rate Statement.

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