Since the partial gap fill, this one is the 3rd affair with the upper 30 BB, no matter how constrained it is.

A squeeze released to the upside.

Look at the money flow below and compare it with the recent peak.

The price is lower, yet the MFI is more overbought. This is what I call a continuation divergence (down of course). The moat is finally reversing the price at the 1.0570 level.

All that extra energy pointed out, and the lower 120 BB is hovering around 1.04. Travel towards it, and you are talking 1.038x.

The end-of-month money is about to arrive. Are they going to buy Euro over USD? Doubtful. We are due for a Wave 2 down.

Don’t forget that the configuration is still bullish as well as the drive and the energy reserves are extra high.