Open trading account 
Monthly chart:
The pair is in uptrend since 2011 and, having broken 200 month SMA in January 2015, it is currently capped by 50.0% retracement of the January 2002 to November 2007 decline. If that gives way then February 2009 high (1.3064) comes into focus before 61.8% retracement at 1.3462. The broken 200 month SMA should now act as a support.
Weekly chart:
After strong rally since June 2014 and 1000 pips of gains till the end of 2014, the pair has added further 1100 pips in January 2015 alone.…
The pair is in uptrend since 2011 and, having broken 200 month SMA in January 2015, it is currently capped by 50.0% retracement of the January 2002 to November 2007 decline. If that gives way then February 2009 high (1.3064) comes into focus before 61.8% retracement at 1.3462. The broken 200 month SMA should now act as a support.
Weekly chart:
After strong rally since June 2014 and 1000 pips of gains till the end of 2014, the pair has added further 1100 pips in January 2015 alone.…