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The support levels published in the previous analysis at 1.31 capped the bearish tendency, so that the pair managed in retesting the first target.
Technically speaking, the current moves are witnessing a bullish slope with the positivity from Stochastic and the RSI indicator stable above the mid-line for short time periods.
The bullish bias may be likely today, targeting 1.3230 / 1.3220 as a primary target. The price behavior of the pair should be monitored around the aforementioned level because confirmation of its breach confirms the strength of the daily bullish trend towards 1.3300.
On the downside, consolidating below 1.3140 negates the suggested scenario and puts the price under negative pressure with an initial target of 1.3110 then 1.3075.
| S1: 1.3150 | R1: 1.3220 |
| S2: 1.3110 | R2: 1.3260 |
| S3: 1.3075 | R3: 1.3300 |
