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Price is currently in a major resistant zone right now. The idea is that price will drop down at least 300 pips.
I 'm expecting the price to hit the S/R zone and if it shows bearish signs I believe it will only go down by 50 pips. Whereas, if it breaks the zone (which is what I'm predicting) I will enter and expect it to reach 0.70407 which will be my TP. I'm bullish biased with this pair because having a look at the chart in 1W short bulllish signs.
Grey area is showing strong support zone. Therefore, I'm expecting a bullish movement from this pair. I'll be waiting for close above the zone before entering.
