The pair is currently in a compressing channel with a regular sinus wave (see period that oscillate between 22-25 bars so far) . It is too early yet to bet on what's going to happen but a breakout is one possible scenario. If this occurs during the next half-wave, we may see a price heading towards the weak part of the cloud and then objectives given by the last wave height.
So wait and monitor.
So wait and monitor.