Spot Price: 1.2175
Technical Analysis:
Price has rebounded out of 1.6525 and has broken above resistance at 1.6545/50. Hourly studies are bullish and a retest of 1.6575 is close. Daily charts are bouncing again and we favor further gains. Prefer to use dips as buying opportunities for a run at the 1.6600s. 1.6575 and 1.6590 are resistance ahead.