As I mentioned before, I was very bullish about this pair. I closed several longs at 1.24600, as well as short trade from the mentioned price. Now I'm expecting accumulation between 1.23-1.223 and final push up from this downward channel. I will also add some more shorts later at 1.262, since I'm expecting some retracement to 1.246 before going higher. Ultimately, I think, we will reach 1.30. It will be not easy path, since USD rallies are always have negative impact to all "beloved" markets. My strategy is to hold substantial long position for a 2-4 months and earn some extra $ while shorting ( on pull backs using 4h and 1d timeframes).
