As we all see... price has broken above level 1.09738, we can see that that level (resistance) has kept price below it for a short while. Price has broken above it and now it is heading back to that previous resistance to test and turn it to support. By the count of elliot waves the testing of the support and resistance zone will a completion of wave 4 and the begining of wave 5. I am expecting to enter with a long position at around support level 1.09738 and my target will be around levels 1.11249.