The pair rallies on Thursday as dollar was inflated by hawkish stance from Fed, signaling stronger recovery from 2018 low at 108.28.
Fresh strength broke above three-day consolidation top and cracked important barriers at 109.50/57 (Fibo 38.2% of 111.48/108.28 bear-leg / falling 10SMA, generating bullish signal.
Close above here is needed to confirm and open barriers at 109.88 (Fibo 50%) and 110.25 (Fibo 61.8% of 111.48/108.28 downleg).
Daily RSI is heading north after reversing from oversold territory and showing space for further advance, with momentum building and underpinning the rally.
Alternatively, failure to clear 109.50/57 pivots and close below, would signal that bulls are losing traction and would keep the downside vulnerable.
Overall picture remains bearish and current rally is seen as correction and positioning for fresh downside.

Res: 109.88; 110.25; 110.58; 110.72
Sup: 109.50; 109.03; 108.50; 108.28