The pair, after a strong rally up, is facing significant resistance around 78.80. This is the third time the falling trend line resistance has been tested, and it could very well break. After all, the pair has just made a "higher low" and the Stochastic indicates that conditions aren't overdone yet. But as always, it's better to wait for confirmation. A convincing close above the falling trend line could mean that the bulls have complete control of the pair.