Looks like there could be a nice long setup developing over the next few days. Price is finding support at the 1.06000-1.06500 region where support was established back in Feb 2017. It is also finding support at the HTF diagonal trend line. RSI is showing a bullish divergence (and bearish exhaustion) and MACD has bullish crossover as well as positive histogram. We saw the first push and effort to break upwards earlier today which is a good sign, but the bears pushed it right back down into this range. I think the bulls will be able to break out of this range and if they are able to do so, we should see upside coming for at least the next week. Either way, it is a good R:R trade given the setup.
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