Once the market has made a Push and an Echo (Palm, House suggesting a return home) the minimum target would be the weekly S1 – 1.0704, before perhaps continuing with the next leg up.

The RSI2 picture (Nick Rhodes) similarly would suggest a lower low first, although this one is less optimistic and says Buy 1.0719, the back to the 20 SMA part already has happened on Thursday and Friday.

The speed taper received a quick fake out, but I do not like that the move has ended on strength. A divergence seems to be missing, a lower low fractal without a stochastic bar print.

That said, there is some chance that they buy a higher low below the E-44 (cyan) for another higher high first.