Firstly we have a , with its target close to the 1.27 extension which is also a fresh from August, 2015. Now within the we might probably have an with its completion at 1.27 extension which is a previous Supply. Now i dont want to be very speculative but this is how i feel that the price action might play out. we might probably have a pattern which might put the price back on the upper of the and that when i would like to get into this long trade.
I might just be completely wrong and price might just shoot up like a rocket.
But this is my take on this pair
Best of luck :)