We are so close to 1.08 that I would be surprised if they don't try to make a run at it. Would expect some interday nasty spike down and then high volume as it turns to go back up. In case it doesn't and I am afraid price might take off up without me I might also use a 1 hour chart and put a 20 EMA up. When price closes above the 20 and then price on the next bar goes above the high of the bar that closed above the 20 you buy. This of course will never get you in right at the bottom but will filter out a lot of false moves up.
My gut tells me the reversal will happen next week but going to wait and see how things play out...no rush for me. If it does happen today I am on it...If a surprise PR comes out then all bets are off the table.
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