Buy above 105.85. Stop loss at 105.40. Take profit at 107.09.
Reason for the trading strategy (technically):
Price has started to break out of our descending resistance-turned-support line signalling that a change in momentum should be expected. We look to buy above major support at 105.85 ( , horizontal overlap support, breakout level) for a push up to at least 107.09 resistance ( , horizontal swing high resistance). We do have to be cautious with our immediate resistance at 106.44 ( , horizontal overlap resistance) which needs to be broken to open a further recovery.
(34) sees descending resistance which coincides with our resistance at 106.44. A break above our descending resistance needs to occur before a further rise can be expected.