EMA25 and EMA50 approached each other. This morning’s sharp move was the reaction of the price against EMA25-EMA50 cross.
Need to watch the intersection point: (1) If EMA25 crosses EMA50 downwards, price to move down to EMA200 around 1.1880 (2) In case EMA25 bounces from EMA50, uptrend resumes to test 1.2100 once again