The weekly up-trendline that we have been following for quite some time did happen to be an area that has offered support for this pair once again.
And hence, the pair has rallied after touching the trendline.
Trading preference
At this point the preference is to go long, but it could be a good idea to wait for a slight pull pack to around 1.3300 area. However, if the price goes above the weekly close, I will enter long on this pair.
