Major structure change is underway on this pair as price is bottoming out.
Current level is very minor, but significant as price is looking to push higher.
The previous breakout failure indicates that selling pressure remains rather weak.
[Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take profit, stop loss, etc.) as these are set to in reference with my expectancy. Since my win rate and R-multiple targets are different, ideas published are simply a resource to provide guidance. You are expected to manage your own trading decisions.]
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Price taking off on the daily time frame. Next target plotted.