As the 50 % FIB of 2010 & 2011 hold and found bidders. The pair may attempt to reach the 2011 high ( 1.06600 ). The line is the swing high of consecutive three years. Approaching it may feel risk off sentiment and push the pair to the 1.61 Fib of ( 1.09400).
Entry : 1.018X
Stops : 1.014X
Target : 1.046 , 1.066 & 1.094X