Based on price action only, on the daily, the momentum definitely switching to the buying side. After a month of siddeways price action price is taking off. Next strong resistance is around 1.28240. We might see some sort of correction from that level before it breaks.
When you apply RSI to 4 hour chart, it touched the 70 mark, the overbought area. On the chart the nearest resistancce is at 1.26425. If that breaks next one is at 1.27042. Expecting the price to drop from oine of these levels. On the daily 1.26687 can also be alevel on interest.
Bouncing nicely from 200 on daily
Also on the 4hours the price bouncing nicely from 200 ma. On daily it just bounced. So expecting the price to bounce nicely from here. Any dip from resistance might just be a pull back. So buying in the dip is also valid.
Approaching resistance on daily
The MACD is backing up, showing strong bullish momentum.