The monthly looks very December's candle has closed above the , the first indication of a possible long term upward trend. Also, the cloud projected forward has turned green, another indication of a trend reversal. The conversion line looks set to move above the base line, which when happens, will give a strong signal. Further confirmation of an upward trend will be given when the lagging line moves above the cloud.
Next resistances, indicated by the peaks of the lagging line, lies at 1.1560 and 1.2150.
So the target for a long trade will be placed at 1.1560 with a stop loss at 0.9347, entry @ 0.9900.