rallied after finding support at the key level of 103.00 (S2) and is once again above the 103.90 (S1) barrier. Currently the pair is trading slightly below the hurdle of 105.00 (R1). If the rate manages to overcome the resistance area between 105.00 (R1) and 105.45 (R2), the bias may turn to the upside and the prior uptrend might resume. The MACD oscillator, already above its trigger line, managed to obtain a positive sign, confirming the recent bullish momentum of the price action.
Support: 103.90 (S1), 103.00 (S2), 102.14 (S3).
Resistance: 105.00 (R1), 105.45 (R2), 107.00 (R3).