Technical outlook and chart setups:
As depicted here on the Daily chart view, the single currency pair has nearly approached a major support at 1.4200 level on Friday. It is high probability for a pullback rally (3 waves) should materialize any time now towards at least 1.4800 mark. A major head and shoulder reversal might be under formation, if a rally begins now. It is highly recommended to look for long opportunities around price action now for a 500/600 pip rally.
Trading recommendations:
Buy now. Stop is at 1.4150. Move target towards 1.4800.
Good Luck!
