Symetrical Channel up broke up at june'12 and aug'15 this broke up trigger ascending channel pattern, as correction type pattern. As we can see small ABCD fibonacci retracement pattern perform with target at 1.1618 around .382 major trend fibs. this is a good level to enter long with target at B expanding pattern.
Disclaimer : This analysis not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies/stocks can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.