The pair has been making lower lows for trading 6 sessions. The pair is facing strong resistance at 1.30 and 1.3060 (20Dsma). Until the price closes below 1.3060, sell on an upmove will be preferable in the near term. Fresh selling will trigger below 1.2924 towards 1.2909 and on positional basis 1.2765 is the medium-term strong support and an open target with 1.3060 on a closing basis. On the other side, if the pair manages to close above 1.3060, it can fly up to 1.3160 and 1.32 but chances are very remote.
