AS YOU CAN SEE IT HAS BROKEN THE PREVIOUS WEEKLY DOWNTREND AND FOUND RESISTANCE FOLLOWING NFP EVENTS ON FRIDAY.
IT IS COMING DOWN FOR A RETEST AND ALSO FOUND SUPPORT AT THE DAILY ZONE, IT HAS ALSO CROSSED OVER THE 200 SMA WHICH IS ANOTHER INDICATOR FOR A BULLISH MOVEMENT ON THIS PAIR.
IM EXPECTING WEAKNESS IN THE DOLLAR IN THE NEXT WEEK SO WITH ALL THIS CONSIDERED I THINK THIS MAY BE A VERY GOOD SETUP