The Index has formed a Flag And Pole Pattern.

A Flag and Pole  is a continuation pattern.

The Index is trading positive and a small retracement is seen on the downside. A breakout is expected to be on the upside.

The Index breaking upside will be an opportunity to enter long in the pair.

Currently the Index is trading near the EMA's price need to trade above the EMA's during a breakout on the upside to confirm strong upward move.

Advice : Trade as per breakout, expecting breakout on the Upside.