Rebound from the 50-DMA on the back of a strong UK service sector PMI data if followed by a daily close above 1.25 (psychological support + trend line resistance) would open doors for a revisit to 1.2615 levels.
On the downside, only a daily close below 50-DMA would signal continuation of the retreat from 1.2615 levels.
On the downside, only a daily close below 50-DMA would signal continuation of the retreat from 1.2615 levels.
