Look at 1M & 1W chart below. They paint the picture really well for LT price action. Could see move to 1.150 or more.
1M:
1W:
4H:
ST price action should determine entry point.
Comment
⋅
Above bias has been invalidated by price action of last 2 days. I was surprised by the strong downward price action last two days. Initially Monday I thought the move was simply profit taking and could present a good long entry. As the day continued my long bias was invalidated.