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Or, read more articles on DailyFX. Your forecast is headed to your inbox. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs respectively at 1.

The bias remains bullish, The RSI shows upside momentum. Bullish bias above Under pressure, The pair has validated a Rising Wedge: The bias remains bullish, The pair is bullish channel in place since bottom. The downside prevails, The pair remains on the downside, challenging the lower boundary of a bearish channel in place since June. The downside prevails, As long as 0. The upside prevails, A support base at 0. Further advance, The pair has broken above a decline trend line in place since April.

The upside prevails, The RSI is above