The pair has broken short-term bearish channel (Violet).
The pair is directing to test the upper limit of the long term bearish channel (Blue) which will be a good SELL entry.
The pair has successfully retested the broken bearish channel (Violet) and the lower limit of the bullish channel (Brown).
It's targetting the upper limit of the bearish channel (Brown)and the upper limit of the long term bearish channel (Blue) which is a confluence of Fibonatcci Levels of different swings as marked in the chart.
Now long positions are recommended till the price hits 130.50 - 140.00.
Short positions are recommended at the previous zone 130.50 - 140.00 with lower targets to be mentioned later.
