This pair looks to be within a pull back/correction a bounce off these levels and a break of the counter trend line provides great risk to reward and looks good for Long positions. Disclaimer : Use your own trading knowledge and decision making when taking trades.These are my ideas and may differ from other traders.
Bullish advancement is expected after this deep pull back.Buying opportunities will make sense after the break out.Will be looking for a double bottom at the .618 levels, for an early entry. Potential target is the 103.400. Disclaimer: Use your own trading knowledge to trade and this is my idea and other traders' opinions may differ.