Buy above 0.7837. Stop loss at 0.7776. Take profit at 0.7983.
Reason for the trading strategy (technically):
Price is hovering nicely above major support at 0.7837 ( , horizontal pullback support, , ascending support) and a bounce can push us up to at least 0.7983 resistance ( , horizontal swing high resistance).
(55) sees that we’ve made a exit of our long term descending resistance line and our short term ascending support is holding our momentum up really nicely.