I’m short time bull and long time bear on this pair.


On attached 4h chart you can see double bottom formed, then price retest that neck and went up = last two big green candles. Now I expect a retrace back to 38.2% Fibonacci retracement or maybe a bit lower at 50 or 61.8 % and then up again to marked blue level of resistance. Then we should wait if there will be a break or price will move down to 0.7040 support again and only then try to break blue resistance at round 0.7100 again. I marked spots with circles, where we should look for entries.
Don’t forget that this pair is still in a strong down trend, so buying that pair is a counter trend trade.

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