The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is above its 20 and 50 day moving average’s [Respectively at 1.60770 and 1.60760] Also the pair above its 200 DMA [1.59750]
The pair could retrace.
Recommendation: Sell @ 1.61850 Target: 50 pips