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The technical outlook remains unchanged, and the pair’s movements did not change significantly, maintaining positive stability. Technically, and by looking at the chart, we find Stochastic is trying to get rid of the current negativity, in addition to stabilizing trading above 1.2580.
This increases the possibility that we will witness a bullish bias during the day, targeting 1.2660, 61.80% correction, taking into account that the confirmation of the breach of the mentioned level is a catalyst that intensifies the chances of touching 1.2700/1.2720, 50.0% correction.
Breaking 1.2580 can thwart the current bullish attempts and make us turn negative again so that the way is directly open towards 1.2545 and 1.2500.
| S1: 1.2580 | R1: 1.2660 |
| S2: 1.2540 | R2: 1.2700 |
| S3: 1.2480 | R3: 1.2745 |
