On the weekly chart, this pair is likely to head upwards, but as long as the price is sheilded below 111.867, we're still downwards. But should price breakout above 111.867, then we'll wait for a retracement back to the same level to pick a long term buy order towards 114.022. A breakout above this level will push the price even higher with the next ideal target is at 117.010. On its way upwards, the next key level include 112.540 and 114.75 and 115.000. On the lowerside, a key support is seen at 109.970.
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