Patience!

Deep retracement of this pair..
I would first see how it reacts to this level on a lower time frame before i commit to any buys..

There are multiple reasons why it could make an up move from here such as the daily trendline, a daily bullish harmonic bat as well as previous structural support.

Obviously we must take into consideration the fundamental climate before we commit any positions..

Therefore, i would wait for a rejection of this price level.. and a break of structure with a breakout to the upside before i commit any buys.