This has been an excellent pair to trade in these past few months. The question now remains how far up will it go. After the recent impulsive moves that resulted in 1,000 pips it seems like it's ready to attack the 2.00 level with lots of strength. We definitely want to be keeping an eye on the trendline that's relatively steep. A retracement is a given and we could see a downward break. If that's the case then we want to be looking at the zone around 1.9700-50 for signs go long. On smaller time frames we could be looking at opportunities to go short below the trendline.
