 Welcome traders to another tickmail chart here with me Patrick Munnally. I'm going to draw your attention to a potential developing opportunity here in the euro-dollar on the daily timeframe. You can see since we bottomed out last March that we've been trading in this pretty well defined channel, what we've got here is I think a potential wave 3 high in place and we're in a corrective phase at the moment and it looks like we are heading now for a test of this ascending trend line support back from the March lows. We have the monthly S3 coming in at 117.39 we have yearly pivots at 117.20 so I'm watching for bullish reversal patterns in this zone to set long positions initially looking for a test of retest of 119 from below and potentially up to 120 on this initial leg of the trade. As always traders plan the trade, trade the plan, most importantly manage your risk.