Bulls are showing their strength on the 0.5485 zone

Prices have broken the bear channel where they were since the 5th of march.

This is the a little positive sign for a potential trend reversal.

Nothing is done yet. The previous support in the 0.7031 area became a resistance and have to break to put more strength on this move.
A re-test of the lows in the 0.5485 is also possible.

I am neutral for now. Prices are still in the big range (in orange on my chart) and below the MA50.