Technical Outlook and Chart Setups:
As depicted above, prices are still holding the 0.786 Fibonacci support levels of the latest upswing from 1.5 to 1.5250. One more day and we should get further clarity whether a higher low has been formed on the Daily chart or not. 1.5 still remains of interest to the bulls and it should be considered as immediate intermediary support. Resistance is lines up through 1.5250 (intermediary), 1.5300, and 1.5400 levels. Looking closely, one may figure out that the angle provided at the backside of the inner trend line is moving higher with time. Till the time prices stay above 1.50 level, structure remains constructive for bulls.
Trade Recommendations:
Stay long for now. Stop just below 1.5. Target 1.5350 and 1.54.
Good Luck!
