This pair nearly retraced 61,8% from recent highs and should find great support just around 8,8 area. Several indicators, suchs as RSI and MACD are at low levels and provide a great risk/reward for a long trade.
Trade:
Long from 8,80-8,83
Stop loss: If we close below 8,7750 on a daily timeframe
Target: 9,00 // 9,10
Play safe!