Currently the most traded currency pair is in a strong support area.
Fibonacci corection levels of %38.2, which fall exactly at support area.
At the same time does Higher high.
The several day corection provides good long positions with closer stop.
Probably fake brakeout under 1.1505.
Suitable levels for long positions with Stop Loss 1.14840.
Despite the concerns of the trade war, technically speaking, long positions are justified.
Alternative scenario: Head and Shoulders can be triggered when the main trend breaks