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The technical outlook remains unchanged on the pair’s movements within attempts to obtain bullish momentum.
Technically, and looking at the chart, we find that the pair failed to stabilize for a long time above the pivotal resistance of 1.3000, as the current trades witnessed stability below the aforementioned level, with negative features dominating the stochastic indicator.
We believe that the chances of a reversal remain, with the aim of retesting 1.2890 as a first target, bearing in mind that the confirmation of the breach of 1.2890 confirms the strength of the daily trend, so we will be waiting for 1.2930.
Only returning above 1.3000 is able to negate the bearish scenario, and the pair will regain the bullish attempts that started yesterday towards 1.3080 / 1.3075.
Warning: The risk level is high and all scenarios are possible.
| S1: 1.2930 | R1: 1.3000 |
| S2: 1.2885 | R2: 1.3030 |
| S3: 1.2830 | R3: 1.3080 |
