My bias for this pair is going long for a few reasons: 1) the MA indicates that the bias is long (very far apart, not close to crossing over) 2) This pair respected the trend line 3 times and made a clear bounce which tells me it is going to continue up. 3) It broke weekly resistance (black line) 4) an inverted hammer has been formed which indicates a price movement of going up.
My Take Profit is at the resistance level i found between the monthly resistance (Red line) and the weekly support (black line). My stop loss is right below the trend line and beneath the weekly support just in case a retest occurs. Be safe and control your losses! Remember RISK MANAGEMENT KEY TO THE MARKETS!