Below is the weekly, it seems that price is in consolidation phase. Price might break out the trend line to the upside and test previous highs, or find resistance and go lower to test the lower trend line drawn. If we analize the stoch, it seems to be in a bullish direction so price could break to the upside. If this is the case, price could go to 1.64s zone to held structure (last resistance fib level from previous swing); although if this level is broken, price could test previous highs @1.70s. To me this pair is still bearish if we watch the movings averages.
In the daily price seems to me that it's going upward. I have to wait and see what happens with these setup. We had a previous swing high, then a retracement to the 0.618 fib zone which coincides with a previous resistance level around 1.5450/1.5500. That's a 200pips range within price just was bouncing inside. Finally price decided and went north.
Some points of confluence: 0.618fib level held, also price has made a few closes above the 200 sma, convergence in MACD, stoch bullish stream. By now, the 0.786 level is broken, so price should go up, I think, and maybe find resistance at the trend line. If broken, price could go further.
An alternative scenario, if price finds itself struggling with the resistance of the trend line (around 0.236 fib level @1.5832 and 1.272 fib extension in 4H timeframe @1.5846), price could go down and test the other trend line in purple and if broken, then test the previous trend line around 1.45s
