long positions above 1.1100 with targets at 1.2350 & 1.2600 in extension.
below 1.1100 look for further downside with 1.0870 & 1.0330 as targets.
The pair has strongly rebounded and has broken above a declining trend line in place since May 2016 and above the declining 50-weeks moving average. The pair is currently facing a slight pull back but remains on the upside.
Supports and resistances: