The currency pair is testing the historical support level that was formed in 2011.
A descending truncated pattern of the H4 level has formed on the H1 timeframe. A bullish divergence has formed on Awesome Oscillator. The breakout of 0.7207 will result in the formation of an ascending M15 level pattern.
Trading recommendations:
Buy above 0.7207.
Stop loss: 0.7135.
The target levels: 0.7249; define the second goal based on your trading style.