The European currency remains under downward pressure and considering by the figure strategy it is very likely to stop and change its direction to the south.
Our entry level should be conditional on an upward bounce at the level of 1.3002 or a close above 1.3170 and break of the downtrend line. A close above the weekly pivot day increases the likelihood of the continuation of the upward movement.
Therefore, we recommend buying at the 1.3170 level, for those who are more adventurous, we recommend buying at current levels with a target at 1.3286.
The Momentum indicators and Range are showing mixed signals and slightly oversold.
