Looking short on this pair, as you could see price is at its 8 year highs. We have 3 lower highs with oversold on the stochastic
PA confirmation. Price has breached and retested the upward trend line
momentum building up. Our downside targets bing 121.600, 118.750 then possibly 117.000. However, we also plan for the worst case scenario if price breaks above and closes above the trend line
then we can see further bullish
momentum up to 125.600.