this pair has been in a downtrend , as of now we have broken a supply line and showed some signs of strenght
but the actual high still holds, nevertheless we can esitmate some further strenght , due to a rejection of a 50& retracement and a strong rallie attempt , however as long as the high @1.555 isnt taken out we cant speak of a strong market as of now.
signs of strenght:
rejection of 50% level
signs of weakness:
recent high still holds