It has broken the bottom trend line last week, but then got back over it. It is balancing now between these two key possible break out levels. Because this pair can be really volatile, I suggest putting BUY and SELL orders to capture a few pips either way. Nothing too greedy.
Good levels to set up BUY would be around:
Entry - 1.47200
TP - 1.47700
SL - 1.47200
Sell around:
Entry - 1.46800
TP - 1.46500 (potentially 1.46000)
SL - 1.47
As always, keep an eye on the price action.
Good levels to set up BUY would be around:
Entry - 1.47200
TP - 1.47700
SL - 1.47200
Sell around:
Entry - 1.46800
TP - 1.46500 (potentially 1.46000)
SL - 1.47
As always, keep an eye on the price action.