Fundamentals:
N/A
*This is purely a technical trade....
Technicals
Scott Carney's Bullish Butterfly Pattern
This pattern stretched a bit, but looks harmonic
Daily Support tested with engulfing bullish candles
RSI oversold
ExDiv#1
Weekly D3 (not shown in this daily chart)
Comments:
I see this as a possible technical retracement to 1.57, 1.58 or 1.60 (300 to 500 pip retracement).