Following accumulation between 2007 to 2013 we have popped to the 2016 highs of 1.463 where we met resistance at a significant level.
PA then dropped to back-test the 1.21847 to 1.25890 area.
Natural progression would suggest we rally back up to test 1.43210 and assuming continued bullish momentum, break through on the second attempt.
There is still a long way to go however, and current price action is unclear on the higher time frames.