if we look on market profile and volume of accumulation for several years on week chart we can see that now during 2015-2016 years we are trading in big range balance between 1.144 and 1.084. And now we in centre of range on biggest levels of volume accumulation. If you trade with long terms targets the best solution will selling above frontier of balance and buy from below of balance. Current situation is not good for long term trading.
If you trade in middle terms you can see on daily chart that price tries to break upper frontier of daily range and level of maximum of accumulation. But revers from 3 August shows us that level didn't broke. If price will accumulated big volumes above 1.12 it will good signal for us that growth continues. But now more probability for short position from 1.188, 1.12. With first target 1.114.
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