Hello Traders... PSR means Previous Support and Resistance. A look on the chart shows that this pair has once again found support within an area where it previously has found some support or resistance. These are marked on the chart with the bull six flags...will colour them green next time!. If this area proves to do what it has always done... forcing price down if price is coming from the below or forcing price up if it is coming from the upside, then we can expect a forced move to the upside. Note also that this area is coinciding with a Fib 23.6 deep retracement. With DXY running out of energy to carry on going up, we could have a nice trade showing up. I am now waiting for price to give a high after the current low, then I will insert my 45 degree counter trend line and wait for price to close above it before I can get involved with this pair. First port of call for our TARGET is Fib 100 and then Fib 127.2 or Fib 138.2. I hope this little helps. Happy trading traders.