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The technical outlook remains unchanged, and the pair’s movements have not changed significantly as part of attempts to obtain a positive signal.
Technically speaking, and by looking at the 60-minute chart, we find the 50-day moving average is trying to push the price to the upside, and this comes in conjunction with the RSI gaining an intraday bullish momentum.
Therefore, we may witness attempts to breach 1.3175 in the coming hours, which enhances the chances of a rally towards 1.3205, the first target, and then 1.3240, respectively.
If the pair fail to breach the aforementioned resistance and returns to trading and stabilizing below 1.3110, this puts the price under negative pressure to continue the downside path with a first official target of 1.3050 and later extends towards 1.3010.
| S1: 39.70 | R1: 41.05 |
| S2: 39.10 | R2: 41.70 |
| S3: 38.50 | R3: 42.35 |
