The big December rise broke the short term support level
which essentially brought a new short term resistance level
(1.08 level), to kick 2016 off this resistance level
was broken however we have since risen back up to the trend line
with decent bullish
momentum. A bullish
close above the trend line
this week will probably lead us to retest a level around 1.0950 where I will personally be entering.
I'm looking to hit around the 1.1300 level and I will be placing a stop loss at 2016 lows.