Perhaps it'll breakout and retest this coming week. If so, go long and hopefully we can make some pips.
after the massive Pullback back to the blue support area, you still think we ll go long? I mean, in my view I am also looking for long trades here, but my mind says right now - Attention - this daily decline wasn't a sign of a long trade yet. I guess a dip to new lows are possible ( 1.0400-1.04500 ) and then we can see a rise . Let me know what you think. Fundamentally its also long for me as RBA is neutral and RBNZ will go back to easing upcoming meeting
On the other hand, it could continue to travel down the channel which may give you some short setups if you're comfortable with this risks.