the pair still remains in a down trend , even thou price found support @1.050 and broke a minor resistance @1.1020,
the current rallie got stopped at a fromer middlepoint @1.354 , price may retest the former broken resistance
@1.102 if that level holds we will see a retest of 1.1354 again, a breakout of the current resistance will lead to
@1.154 respectively the supplyline.
signs of strenght:
price found support
signs of weakness:
middlepoint @1.1354 got rejected