This pair is ranging at the moment in a triangle. We have higher lows, and support by MA50, RSI is in the middle and has enough room for up movement. I see this pair higher. The 61.8 extension could bring this pair to 1.12739. A close below 07759, would invalidate this scenario, so where i put my SL.
My idea is that we might go more down before next move up, I see a double top, RSI near overbought conditions, and a bearish differgence. The target could be the 61.6 retrace of the last big move. SL set to 1050.