Reason for taking trade: On the H1 timeframe this area of entry presents itself as a key area of support on the H4 timeframe where it has been tested numerous times and failed to break the structure so on coming back to the H1 time frame Bullish Regular Divergence made itself present as we can see the RSI giving both equal highs and lows and the charts we can see...
Based on the uptrend that the pair began and then ran into a area of consolidation it looks like its going to break out and continue going up..i can be wrong but thats my guess... still do your own analysis on it though
It has tested a verified resistance level at around 1.25330 and looking like its on its way for a 3rd test...if this fails to break that resistance level it can be going for a possible short