Our pivot (invalidation) point stands at 1.1526.
Our preference Rebound.
Alternative scenario Below 1.1526, expect 1.1501 and 1.1487.
Comment The RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the pair stands above its 20 MA (1.1544) but below its 50 MA (1.1547).
