We've seen a bulling break above the CTL on the daily on this pair and if we drop down to the 4H TF we see a break and multiple retest of this line. I believe we will see a move up to test the previous highs and if the bulls have enough power perhaps even the 0.618 mark.
As I've recently taken an interest in Harmonic Patterns
I believe that this pair also shows promise of completing a possible Crab Pattern
which also aligns up with the 0.886 retracement
I've had a look at I do think the bears will return but for now the bulls should have the edge.
Let's see how this pans out! Would love any feedback ;)
Happy trading folks - G5B_FX