After four straight up sessions, the pair slipped, printing a 1.3117 low.
Technical outlook
- RSI: Still sending negative signals.
- 50-SMA (4H): Price is holding above it, preserving some underlying support—hence the mixed read.
Trade map (wait for confirmation)
- Bearish trigger: A decisive break/4H close below 1.3105 would likely extend losses toward 1.3075, then 1.3040.
- Bullish trigger: A confirmed 1H close above 1.3175 would tilt bias higher for a move toward 1.3215.
Risk note
Backdrop remains headline-sensitive. Use prudent sizing and firm stops; reassess quickly if the trigger levels break.
Trading CFDs involves risks, and therefore all scenarios may be plausible. The information provided above is not a recommendation to sell or buy but rather an explanatory reading of price movement on the chart.
| S1: 1.3105 | R1: 1.3175 |
| S2: 1.3075 | R2: 1.3215 |
| S3: 1.3040 | R3: 1.3245 |
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