The pair hit the 61,8% Fib Level from November's '16 high. I expect a small retracement (fib rejection and RSI
divergence) back to 0.7516 - 7 level where there is a confluence of 38.2& Fib level of recent rally and pivot point
from December's high. Moreover FXCM's negative Speculative Sentiment Index indicates further advance. Once this level is reached i will wait for a bullish
candle pattern to confirm upside conviction in order to enter long with SL around 0.7500.