The hourly chart did show a reversal in the pair from the Leg D (potential reversal zone) following which the prices rallied to 38.2% and 61.8% respectively.
Now we need a convincing break above 61.8% level as that would open doors for 1.3188 levels.
On the contrary, a break below smaller rising trend line (red) would reduce odds of a bullish move.
Now we need a convincing break above 61.8% level as that would open doors for 1.3188 levels.
On the contrary, a break below smaller rising trend line (red) would reduce odds of a bullish move.
