I am counting on fast pace downward movement.

Euro sister done, this is good to short. 1.1008-15

I look at this move as a quick pop over the W1 61.8, 1.0960, if this is true, price should get back below just as quick.

100%. Not only a correction is perfectly logical, price also has to fade previous bearish momentum, 1.0680 for me. It could also happen from slightly higher, 1.0990.

Not long for collapse now.

For you it's Mr. Chocolatero!!

Have you just joined Paquito?

Chocolatero!!

Macd switch H4 indicates that lows at 1.0850 will be taken out. Invalidation point. Close H1 at least above 1.0921.

Sell only, if possible adding at 1.0915, 21 and 30

Bulls need to overcome, close above 1.0935 (not easy) only then bears need to worry.

Target for the pattern is 1.0680, that is W1 support for the upmove.

Time to turn around.

I like your explanations! Fascinating! The way I see it and I don't use the same methods, is that, market makers have more to gain staying in range, breakout of 1.0960 for me means 1.1278. I do see what the DXY is doing though, has got so much more ...

In probability terms move to 1.10 is not cancelled yet but it is becoming less likely. Right shoulder of H&S will be the decider.

You have another support coming at 31 or even before if pattern gets tilted. Neckline H&S H4.

Go for it tostadito!!

The risk of price moving above 1.0960 still exists, one of the reasons is DXY (more room on the downside). So this leg could also be continuation. I will be monitoring a new H&S, this time on H4 chart. Good luck.