Could possibly ride this pair, if 1.138 level of res is broken and price rallies breaking the weekly DT Line i would for sure set up for a long with this pair and ride it all the way to my Target 1 area of 1.17000, and then after reaching those highs id expect the pair to reach 1.19000 area making that my target 2.
Comment: cause of fundamentals related to the ECB you can see the massive bearish engulfing candle form from the decision made to keep interest rates the same. Its a given that we're gonna rally for a bearish market when that kinda sentiment is in the air. i still believe this can be a reversal since its hitting very key level of support. at this time stops are hit and its better to sit back and wait for a better entry point.