Happy New Year to all! We have a potential bullish setup on this pair, as a breakout through the resistance will require a substantial amount of bullish momentum. This momentum has potential to be sustained with longer targets at the pivot cluster, well beyond the 2:1 milestone. I want to ride this out to the longer targets if the break should occur, but I will be setting to B/E at 1:1 as shown. If the breakout does not occur, bearish momentum may pick up and the bias will likely be short. For now, my bias is long only until further notice. Happy trading!