The price has stabilized above a significant level, indicating buyer strength and the potential for an upward continuation. If the price successfully breaks and closes above 1.0528 on the 1-hour timeframe, it would confirm bullish momentum, allowing buyers to push towards the next key resistance at 1.0608.
On the other hand, if the price fails to maintain its position above 1.0454 and stabilizes below it, this would indicate a lack of bullish strength. In such a scenario, the price is likely to fluctuate between 1.0454 and 1.0350, suggesting a range-bound movement. This level would act as resistance, preventing further upside movement, while 1.0350 would serve as a lower boundary where buying interest might re-emerge.