The pair has been trading within a descending channel, but entered a slight bearish consolidation phase after reaching support 1.027 (2019 March and August weekly low). The trendline is acting as a level of support and indicating a change of trend. A break above 1.035 could pave way to the next target 1.04-1.05 and beyond. This could be a good swing trade.
Trade active
Trade closed: target reached