Lower trendline supporting move towards 1.27000 - LONG

As you can see on the chart, the lower green trendline can be seen to be supporting the most recent upmove towards 1.27000 level, making it likely that we will see a breach through 1.27 soon. On the bear case however, since there is little data out this week, any USD strength will send the pair back down. Also, any technical selling will also send it back down to at least 1.265.

Of course, things don't always work out, so please do not take this as professional investment advice. Trade at your own risk - I take no responsibility for any losses.