On the 1-hour chart, price is trading with bullish price action structure and currently just above 21/50 SMA. Market dipped bearish below 35 on the RSI and has recovered this morning, currently sitting in the sweet spot region between 45-55 with further bullish potential. Market has strong bullish potential still, can continue to push from current levels based on the level of confluences and are yet to see a real injection of momentum into the market for the day, awaiting to see how the markets react during the London session
