The price bounced from 1.12000 support level
confirmation. We have a bullish divergence
which tells us about possible trend reversal. MACD
lines support the upward movement. DMI is bearish
line falls. It shows us that bears are no so strong now. If the price breaks the previous swing high, it will be an additional signal confirming the further upward movement. The price will be able to reach the resistance zone
at 1.15000 level. The weekly chart looks oversold which is also good for buying based on the signals from the daily and lower timeframes. If the price continues the downtrend, it will be better to close long positions below the local swing low.