After visitng the historical low 1.1467 the pair has made a strong quick, strong swing up reaching 1.3531.
The pair successfully tested 50% Fibonacci level of the mentioned swing around 1.2500 last friday.
Bullish hammer was formed at this level.
It's important to notice that there's a previous consolidation area 1.2590-1.2400 marked on the chart which is considered an important support.
Yesterday We gave a recommendation to go LONG around 1.2600 with SL below 1.2400.
ALL TPs were successfully hit.
Now we have to see the daily closure if above 1.3530 this opens the way for further highs, If not this may indicate a retracement first.