Looking at the chart in H4 timeframe, we can see that the overall trend is down. Market has been consolidating and grinding up slowly since hitting a low 0.8460 but still contained below resistance zone
0.8530. Possible scenarios:
a) if price breaks and closes above 0.8530, then will be looking for long entry to trade up to next resistance zone
b) if price breaks and closes below the ascending triangle
, then will be looking for short entry to be in line with overall trend.