The FRAMEWORK has a pivotal level we have identified that will probably dictate the forward trajectory for the cross. We will ZOOM IN.

It feels that the market wants to TEST that area again. Could be that it will shake out weak LONGS or that the pair is OFFERED and it will break down lower.

We have to see the behavior of market participants at that PIVOTAL LEVEL.

We are inclined to think the pair will head LOWER, but will react to price action as we see fit.