Technical outlook and chart setups:
The currency pair has been subdued within a 100 pip range between 1.45 and 1.46 for several days. The overall chart indicates an extended rally towards 1.49, before the pair reverses. For now, it is recommended to remain long and also plan to add further around the 1.44 levels as well. Support levels are spread across the 1.4200 area, followed by 1.4075 and 1.4; while resistance levels are spread through 1.48 and 1.5 respectively. Please note that the long-term downward trendline has been broken, and prices are in the buy zone now. Also the short-term support line from 1.4075 and 1.42 remains intact for now. Considering all above, it is good to look higher.
Trading recommendations:
Remain long, set stop below 1.43, target is at 1.49.
Good luck!