Right now we are on downtrend, as it's staying on the lower portion. However I hold a view on this pair. NO positions are opened yet but if a long position is opened we should aim the 50% level which is the first Take profit level.
When do we open a long trade?
I would like to see some price action or when price starts to enter to the positive (upper half) of the .
I have set alerts when either the top/bottom horizontal lines are broken.
If the support line of weekly pattern is broken, this long view is invalidated. It's all in the hands of the central banks.