A close above 78.00 is important and a reversal in the next few hours to below that mark would be somewhat bearish.
But given that a close above 78.00 seems highly likely at this point, the levels to watch are 78.28/32 which are the post-intervention intraday highs. A close there would be bullish, even more so, if it can hold those levels through Asia.
Beyond that, exporters appear to have some major offers at 78.50 and it will take some time to chop through those.
