Non Farm Payrolls were better than expected today 8th of March. Next week Fed is most likely to do a hike rate. Which will be good to control inflation in the US, and dollar will gain strengh.
Now he have clearly broken the trendline are are expecting the C of the correction of the first bullish impulse. rejection of the 38-50 or 61 will give me a valid entry to go long on this pair.
A valid Stop would be at the 112.5, anyway I might put it at 111.5 to make sure I'm in the move during the next couple of weeks.