Price created a double bottom at the 106.750 level and it has been forming higher lows recently. If the market goes above the 107.400 resistance I will be going long on the retest of that same level. My first targets will be retest of the previous highs on the same timeframe that my entry is. Keep in mind that we have a descending trendline on the Daily chart. Let me know what you think about this pair in the short term!