This symbol was trading in a downward channel for which price has currently broken out. Looking at the recent price action, the price seemed to have formed an inverted head and shoulders before breaking out of the channel. Further, the price seemed to be moving in a wave-like fashion. Price has recently completed wave 4 of wave 3, and needs to complete wave 5 of wave 3, which could conservatively end at 1.0195. After that I expect a 0.382 or 0.5 retracement, then proceed to form wave 5, which could end at about 1.0370.