Could be looking to break higher with a recent 3 1/2 week high of 1.2436.
A sustained rally and close above the 200 day MA at 1.2412 could prove to be the start of a better move up through the 55 day MA at 1.2461 , the 50% fibonacci retracement of the Oct 5- Nov 14 fall, ahead of 1.2508 (highs of Nov 1) .
Cross currently sits around 1.2428
