As you can see we are in an uptrend. currently wave 4 has completed and we can see 5 insight. Price has been respecting upward trendilne and has failed to breakthrough it on three occasions showing bullish momentum is still there. support has been found on the 38% fib as well as daily support. we failed to break 1.30 mark but it seem like the bulls may carry enough steam to break through this psychological monthly resistance. currently a countertrend line has been broken to upside on one occasion, the current counter trendline below the 1.30 monthly resistance should also be broken to the upside. I wouldn't enter the trade till ma's have crossed over as well as seeing a candlestick close above the counter trendline.