Here are my thoughts for this currency pair. I believe in the overall view we have an ascending triangle. BUT on a much shorter time frame we actually have a descending triangle. There is going to be so much opportunity on this pair and I think we need to take advantage of the situation.
I will show you in my next post of what we should do but for now I will be longing this trade.
Keep in mind you guys this is a monthly time scale. I like to look at this so that way I am not shocked if something does happen.