The pair appears to have bottomed out as suggested by a repeated rebound from 1.05 handle and nice rounding bottom formation (right shoulder of the inverse head and shoulder).
A daily close above 1.0624 (50-DMA) would open doors for 1.07-1.0740 levels.
Only a daily close below 1.0525 would revive bearish view.
A daily close above 1.0624 (50-DMA) would open doors for 1.07-1.0740 levels.
Only a daily close below 1.0525 would revive bearish view.