The price had a bounce at the level of 72.410 and produced a bullish engulfing candle. It closed right at the level of 73.835, where the price reacted several times. If the price makes a daily breakout at this level, it may head towards the level of 76.000 with good bullish momentum. On the other hand, if the level ends up producing a bearish reversal candle, it may make a big bearish move as far as the ABC pattern is concerned. Thus, both, buyers and sellers, are going to keep their eyes on the pair on today’s daily candle.