The pair is in an uptrend after bottoming at 1.4226. Trading is situated above the 50- and 200-day SMA, currently projected at 1.6090 and 1.5715.
The overall bias remains bearish for 1.5850 and 1.5740. Initial resistance on the upside is seen at 1.6010 and I continue to expect a break through 1.5912 low.
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