Friday’s sharp recovery from the low of 1.0597 to 1.0621 suggests the falling trend from the high of 1.0829 (Feb 2 high) has found a temporary bottom at 1.0597, although only a break above 1.0630 would signal short-term trend reversal, in which case resistance at 1.0707 (38.2% of Trump sell-off) could be put to test.
On the downside, only a daily close below 1.05 would revive the bearish view.
On the downside, only a daily close below 1.05 would revive the bearish view.
