The 50-DMA has bottomed out…
Rebound from 1.0567 (23.6% Fib retracement of Trump sell-off) if followed by a break above 50-DMA level of 1.0604 would open doors for a revisit to 1.0677 (Feb 17 high).
On the downside, only a daily close below 1.0494 (Feb 22 low) would revive bearish view and open doors for a sell-off to 1.0341 (Jan 3 low).
Rebound from 1.0567 (23.6% Fib retracement of Trump sell-off) if followed by a break above 50-DMA level of 1.0604 would open doors for a revisit to 1.0677 (Feb 17 high).
On the downside, only a daily close below 1.0494 (Feb 22 low) would revive bearish view and open doors for a sell-off to 1.0341 (Jan 3 low).
