As the graph analysis can show the pair has been trending in very nice downside trend-channel since June 2015 and the levels provided by the Fibonacci retracement, which I have applied from the peak of December 2014 to the low of April 2015 (around 126.100), seem to offer relevant level of support/resistance.
I personally entered in a long position on 11/01/2016...
Wait for the pair reaching the top of the trend channel at 133.000, and enter in a short position with target 126.037, which is the low of the last 3 years and will be a strong support level.
