The erratic recovery from the low of 1.2642 does suggest the sellers have run out of steam, although the outlook remains bearish as long as the spot trades below 1.2815 (50-DMA). The RSI and MACD are bearish
Only a daily close above the 50-DMA would revive the bull market and open doors for a break above 1.30 levels
Only a daily close above the 50-DMA would revive the bull market and open doors for a break above 1.30 levels