The pair managed to hold above the 100-Day SMA, and in a short-term could test the 1.5770 resistance. A clear break above this level would confirm the medium-term uptrend towards the 200-Day SMA by 1.5960 or the 1.6150 resistance. However, a break back below the 100-Day SMA could trigger a setback towards the 50-Day SMA by 1.5545, with a break below to extend losses towards the 1.5230 low.
