Good potential long position on this pair. Clear inverse head and shoulders
pattern has formed and we are retesting the neckline. I would be inclined to wait for a break and retest of the neckline before a confirmation that the market is bullish
. However we may just have a straightforward breakthrough so keep a close eye on this level. Keep an eye on economic releases as always.
This is my opinion on this pair.
Best of luck to everyone.