Weekly technical levels:
Intraday trading recommendations:
According to previous events, the price has still been trapped between 1.3060 and 1.2930.
- Below 1.3103 look for further downside with 1.2965 (the weekly pivot point) and 1.2870 targets. Stop loss should be placed at 1.3165.
- The level of 1.2838 will indicate a strong support, moreover the price will be formed at a double bottom in 1.2838. Therefore, it will be wise to buy at 1.2838 with the first target at 1.2950, then it will continue towards 1.3060. And the stop loss should be placed below 1.2800.
- Please check out the market volatility before investing, because the sight price may have already been reached and scenarios might have become invalidate.
