After clearly placing the support and resistance zones, I can see that price has moved into a second ascending parallel channel. First support zone has been respected since May 2017. Middle support zone has been respected since Jan 2019 and both continue to be respected in the present. Since October 2021, this pair started to recreate a similar formation as March 2021 which leads me to believe that price is going to reject of the latest trend and long towards 1.61600. Zoom out to weekly chart to see clearer picture, then zoom into daily chart to see more in detail.