After recovering of the recently massive drop on NU, the pair has found resistance in a important S/R area, creating at the same time a brand new trend line, therefore I'll be waiting for further movements of the market for either buying or selling as we have 2 scenarios.
A breakout on the trend line (which is also our resistance) can potentially give us around 100 pips, but if the pair can't break none of these we will see a bearish trend continuation which will result on 200 pips until the pair hits the next significant support area.
A breakout on the trend line (which is also our resistance) can potentially give us around 100 pips, but if the pair can't break none of these we will see a bearish trend continuation which will result on 200 pips until the pair hits the next significant support area.