The pair continues recovering towards the 1.0750 resistance. Breaking this level would expose additional gains towards the 1.1080 high. The nearest support is now eyed by the 200-Day SMA at 1.0410. Only a daily close below this level would negate our constructive outlook and accelerate declines towards the 1.0150-1.0165 support area, right where the 50-Day SMA and the 100-Day SMA reside.
