This pair has been struggling in the recent weeks to break out and above of 1.28000 and has been ranging for while now. My bias is Bullish
as I can see the potential for the formation of a D leg to complete a ABCD pattern
. With point C forming at a 38.2 fib level, it is clear the Bulls are still in control and targets may well be reached by the end of the week.
Entry @ Market Price
TP @ 1.39000
SL @ 1.11520
GL and Happy Trading