With this pairing breaking and re testing a good trendline TL late last week we can only see downside movement and possibly reaching our target zone of around 300 pips from current price.
We have placed our target zone where we have because it is very strong support and resistance area where price has respected as far back as 2009... See the importance of keeping these key levels on your chart or at least wrote down somewhere safe.
PLEASE TRADE WITH CORRECT RISK MANAGEMENT and only use our analysis if it lines up with your own.