The daily oscillator appears bottomed out will turn to .
While holding 1.1535 we expect a near term reaction to 1.1630 initially. A potential daily close above 1.1640 could extend the rebound phase to 1.1670 and 1.1700 it's 20MA.
Before retracing to 1.1540 the cross breach the ascending pattern. The current near term scenario is a part of the consolidation phase.
A move below the key could retrace further to 1.1390.