sitting on hands waiting for price action

EA is starting show a possible fib retracement on the month time frame after been in a steady down trend the past few months looking to see how price will react once it test the 1.49675 area which is a week high area could possible see a run to 1.52232 area which could be a possible month 38 fib level if holds.. short idea if the 1.49675 area resistance holds is back towards 1.48333 area which can be a week 50% fib area...just my opions on this chart not any advice...happy trade week to all!!