GU Long

Price has been in a deep downtrend since early Q3 and is now looking to probably climb and test recent highs of 1.38300, with a close above 1.35200 looking to confirm it. Price has now resumed to its most recent Daily demand area and has so far formed a HL. On relatively lower timeframes, an Inverse H&S looks to be forming suggesting incoming upward momentum. Last week's expected rate hike only cause price to be pushed further down, but we could be seeing a late reaction on respect to USD strength.