So going long at this juncture is not advisable, a decisive breach above steeper of pattern would only generate signs that too after clear substantiation from other reliable indicators. Until then stay calm with existing shorts and fresh longs are not desirable.
The pair has been struggling to hold onto the resistance levels at 1.52 regions from last 3 consecutive trading sessions (see rectangular grey shaded areas).
Leading oscillators ( and ) indicate downward convergence with price slumps.
While the current spot FX is sliding below to reach near 21DMA on and on weekly still maintained below this lagging indicator that signifies these price dips to prevail further.
So for now, the recommendation is to short the rallies for 1.5025 again with a strict stop at 1.5205 levels.