If we take a short look at monthly time frame it is clear that price has just met its strong resistance level ,this managed a clear bullish rejection .now on daily we have clear bullish environment .the second impulse has just started to correction and now its exatly above 38% fibo . we expect a deeper correction which is nicely lined up both with a daily structure and 50% and 61.8% fibo .
we will monitor price action .,this pair will probably give us a nice long opportunity .
Thanks for your time . This is my point of view of current market , and you can analyze the chart before taking any action . let me know your comment below and leave me a like if it was useful .