Last week I posted a long trade idea on this pair at the price of 12.15. The price beautifully pushed up to break above the wave 3 resistance level
to confirm further continuation of the uptrend. and Now i'm up +300 pips. Prices have been rejected three times at the 11.69 resistance which confirms why we are biased towards the bullish
side. Prices are also trading above the 200 day moving average, which is a signal for an uptrend continuation. I will add further positions to target the fifth wave at the 13.000 round number. The trend filter is in green. So lets wait and see what happens.