Medium term trend: Up
Significant levels: 120.00 (Significant Round Number & Resistance), 117.50 (Support)
It would be great to place a Long order right now as the price is still near the . Yesterday's bar was a which is a signal that the market does not want to go down further. Place the stop loss below the . Take note of the significant round number. The price might consolidate a bit on that level before continuing its move.
This pair is clearly in an uptrend. It's just a matter of looking for an opportunity to go Long. Trade well.