As I am sure you are aware the pair came up against the lower bound of the multi decade trend near the 1.03 handle late last year. It has also tested a descending channel limit on the daily chart around that time leading to an initial rebound.
It is important to realise that a larger correction is not expected so long as support at recent lows of 1.0350 remain intact.
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Best wishes
It is important to realise that a larger correction is not expected so long as support at recent lows of 1.0350 remain intact.
Please remember to give this chart a thumbs up if you found this helpful.
Best wishes
