We can see that the Currency is making Higher high and higher low right now. It's look like a beginning of a bull market.
However, the 200 EMA still pushing down the price, so be carrefull when the price will contact it in few days/weeks.
All we have to do is to buy support and follow the trend. At the moment, my toughts is that the price is on the middle of the canal. i prefer wait for a best opportunty, as exemple : if the price break the next red line with a retest will be a very nice opportunity to enter with a long position.
Hope you enjoy my analyss, Always tryin to be simple.
What's your toughts about this pair ?
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