On a Daily time frame, the market shows sign of buying pressure and is about to break above SMA200. is above 50 while has printed above 0 level and its Signal Line is printed inside the histogram which suggests a momentum.
Scenario A. A break above 1.2770 is a higher probability for buying opportunity
Scenario B. If the price rally towards 1.2760 and shows sign of bearishness then we probably see a continuation of sideways movement.