Looking at a break above a resistance level at 1.0700 (Point 1). This is also a break of the 200MA on the daily chart which some people might find significant. Now that we have broken at some point in the future I expect price to get to around 1.1000 (300 points away). There are two main ways I think this might happen. First is price moving from point 1 to point 2 which will be a very fast move. The second way is to hit around 1.0825, retrace back down to 1.0700, and then rally to 1.1000. Longer term I am bullish on this pair.
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