The pair has been able to bounce above resistance 1.0140 levels but rejected above channel line at 1.0219.
Currently, it is struggling to clear resistance at 1.0140.
The spot prices on weekly chart have bounced above 10DMA curve, this would signal us that the prevailing to sustain further for some more weeks.
While has been converging these price spikes, the current on weekly chart is trending at 65.0154.
To confirm this view, slow curves has approached above 80 levels but no trace of clear %D crossover which is again good signs for bulls.
On daily terms, despite the robust sentiments, there has been a tug war between bulls and bears, but bears have been well leading the show as there are adverse indications.
However, this disparity could be interpreted as bears are generating good opportunities again. So buy at dips should be the trading idea.