USD-UUP 60 min.

The us dollar-uup could be traceing out an Bearish Bat Pattern, Price needs to 'Break' above the Cloud to be Bullish. From past experience I can foresee what this may do,but thats getting ahead of ourselves.
  A 50% Retrace has a reciprocal of 2.00, other Fibs are 2.24,2.618 (fuchsia Triangle). A Crab is another possibility with 3.14 & 3.618 projection. With a Crab I would expect a slower ,lower degree rise than a Bat Pattern.
   The other possibility is that the Price keeps heading south.