as you can see from the chart that the pair has been in some sort of channel in between 1.06000 and 1.03800 area since the 14th december so we could see a big break out to the upside or downside depending on what confirmation we have closer to the time of the breakout. so this pair is definitley on my watchlist. also the RSI is pretty neutral at the moment so no real signs being given off by that.