By: Doug Rosen
This pair is looking very bullish at first glance. Starting out with the weekly chart I see that price has bounced off the fib zone of the recent move up. Stochastics is in the oversold zone crossing up. Moving over to the daily chart I see that yesterday we broke the descending trend line to the upside and that the daily 5 ema has crossed above the 13 ema and is pointing straight up and looks as though it could cross above the 21 ema. The daily stochastics is in the trade zone pointing up. Even thought his pair is very bullish, one thing is for sure, price will have to make contact with the daily 5 sooner or later so price may either have to fall back a bit or slow down and give the daily 5 ema a chance to catch up. 
Moving over to the 4 hour chart I see that price is gracefully riding the 5 ema to the upside. The upper Bollinger Band is wide open and pointing up. For price to continue to move upward we need to break the previous months high at 1.3689. Price has already busted above the 144 ema, something that hasn't happen in quite awhile. 
Zooming in on the hourly chart it is also very obvious we broke what is referred to as a price channel. Price has been trapped within this channel for about a week and has now broken outside of it. Meanwhile price is in the oversold zone of the stochastics and the 21 ema is coasting along just below the 13 ema. We are up against the weekly M4 but the angle and separation between the ema's leads me to believe that this M4 will be broken and price will continue to rise.
Finally, looking at the 15 minute I see that price has been consolidating, maybe just catching its breath after a big move up yesterday and the 55 ema has caught up with price giving it a boost up and I believe price may very well continue on its bullish climb to the upside.