This pair is at its lowest since November 2016. Price has been re-testing 117.530 for the past week where wicks have been struggling to break past support zone
. Price is also creating higher lows that have struggled to meet trend 3 times which confirms the down trend is weakening. I believe price is possibly going to go into an uptrend which will breakthrough all 3 trend lines
. My first TP is the daily Res as this has proven to be a strong resistance so we may have a pull back.