Schedule "XO" step 0.50%:
On the senior chart, we observe an exclusively downward trend.
The pair is trading in a downward wave of a downtrend, which indicates the strength of the sellers.
The relative strength index is in the column "O", which indicates the pressure of the bears.
Earlier, overcoming the support level of 1,315 gave a strong signal to sell, thereby changing the main trend to a downward trend.
We see that the sellers reached their original goal in the area of 1,295, where it is recommended to close 1/2 of the total volume of short positions and move the stop-loss order to the breakeven level.
The main target is still the support zone in the area of 1.27.
Trading recommendations:
Today it is recommended to hold short positions.
