By examining the daily chart, we can find that the pair succeeded in breaching the resistance line of the bearish trend -red line- started at 2.1161 as seen on the provided chart.

The price has started an upside correction after bottoming at 1.3501 and this correction is presently organized by a bullish channel where the pair has recently retraced from its support around 1.5215.

The major breakout from support and the series of positive closings above SMA 50 are reasons that argue us to suggest bullish resumption over short term basis, targeting 1.6425 followed by 1.7325.

Carefully note that coming back below 1.5300 and 1.5215 will be a very negative indication and will designates that the correction is over activating the medium term bearishness once again.