This pair moved an incredible 2,000 pips since the last week of April (six weeks ago). As we can see not surprisingly the momentum is beginning to slow down and we could be entering a consolidation zone in the near future. Should we see a break of the trendline
then we'd likely go short targeting the 2.10 level. That said, any bullish
bounces from the trendline
are good opportunities to go long targeting recent highs. This one still could go up a bit.