A daily close above 1.0965 (rising channel resistance) would open doors for a continuation of the rally from the low of 1.0341 and could yield 1.11 (zero figure) and 1.1142 (Apr 11 high).
The spot has formed a nice base around 1.0850 over the last two weeks.
On the lower side, only a break below 1.0838 (200-DMA) would revive bearish view.
The spot has formed a nice base around 1.0850 over the last two weeks.
On the lower side, only a break below 1.0838 (200-DMA) would revive bearish view.