The pair is moving in an uptrend on the daily frame ,already completed wave 1,2,3 and moving in wave 4 ,we're waiting to see the exact pattern in wave 4 to spot a good entry point,we still need to see a stronger price action and signs from oscillators of the 8h ,12h and finally the daily frame to confirm that wave 4 is finished or about to,the penetration of the 4H down channel is not enough to confirm that the primary trend is resuming it's up direction ,the overall view is buying long after a CLOSE above 0.8060 the target will be more clear after that,from an intraday perspective ,the penetration of the 4H channel looks weak and struggling ,we'll wait for a retest to confirm the penetration ,then a CLOSE above 79200 .