As you can see we are at a trend line of the weekly and at a swing point on the daily. We are at a point when the market is going to choose where its going. I will be watching the strength of the dollar as it will tell the future of this pair.
I am currently favoring a return to the bottom of the daily, if trend line breaks I will look for a retest of this trend line with a bullish bar comb off the trend line on the 8HR as my entry!