Possible upward movement of the pair. Price is currently in a lower bound trading zone with significant volume , making a stop and holding rejections at the bottom of the price near the 55 period EMA , essential in my strategy for analysis of possible trend continuations . Indicators like Squeeze Momentum and the MACD histogram have turned bullish after their red valley; accompanied by the loss of bearish strength indicated by the ADX bouncing towards the EMA . The MACD lines would be giving a possible buy signal soon. I think that it could go in search of the breakout of the previous high price zone or even continue its uptrend.