The upward trend in the pair continues since the Sma 20 crosses the sma 100 on the hourly chart on the 31st december around 1pm, we still waiting for a strong confirmation of the upward trend though ,in the absence of any strong fundamental news analysis the trend upward is expected to continue to 1.1052 area where a strong break above this levelcan take the pair to 1.11157 and then 1.16402. It is recommended to buy at current level around 1.05 or 1.04 and a take profit at 1.10 and stop loss at 1.02....make sure u trail your profits very important!!!