Technical Outlook and Chart Setups:
The price setups remain unchanged for now, but it seems the conviction for follow movement is lasking at the moment. As one can see above, a bullish signal is appearing on the Daily Chart at the moment. Resistance remains strong at 1.5300. If prices break the 1.5050 levels, 1.5000 is the next level of support and also the 0.618 Fibonacci retracement level. Trading aggressively long is not recommended at the moment. A breakthrough of 1.5150 level is now required for the bulls to add further momentum to the rally.
Trade Recommendations:
Remain long for now with stop at 1.4900.
Good Luck!