This pair has been falling since the start of April, at some point we need to pull back up, I am expecting a retracement to 1.8500, before falling any lower because of the long drives into 1.8050 showing these lows cannot be maintained. The Fib ‘Golden Region’ aligns perfectly with the monthly level, also on the higher TFs, the trendline has been broken and once a retrace occurs, this will provide a retest of that trendline from underneath, adding further confluence to the trade.