On W1 chart we have price just broke the upward , is bouncing from 200 and strong . Weekly candle is a .
Here on D1 chart:
- 55 as resistance (weekly 200+daily 55=powerful combination!!)
- at round number 0.8500
If will depend a lot on oil , if it stars a rally (as i expect) this pair will decline strongly, last weeks oil is not moving.
This trade could last 1-2 months so be prepared for that.