I have entered into a long position with this pair once it broke above 1.53443 and intend on viewing this trade as some what of a longer term investment. As all previous levels of resistance have been broken along with a major trend line
, I see upside potential to at least the short term resistance level
of 1.55288. At this time I will close my position and wait... Here there is no telling exactly what the price action will do, however if it does in fact break above 1.56078 I see huge upside potential.