I marked on the chart GAP from daily chart
and I think it will play important role in next few days as a major support/resistance
area. It seems like that the pair is back on up trend after yesterday's sharp movement. Risk ratio is set close to 3:1 and it is based on Fibonacci 50% to 150%.
- this is very powerful formation with close to double bottom
with great doji
candle which is barely touching previous lows and shooting pair higher.
As long as the pair is above GAP it is in my opinion good area to enter.
See weekly chart for more detailed view