Technical analysis of the pair on a 5-minute chart. Short-term. Here, the price formed a double top at the level of 1.3505, possibly indicating the completion of the timeframe's peak and a potential correction to the downside. The price will test a significant red zone and may fully retrace within it. At the bottom, there are reference points for the price - support levels: the moving averages (MA) - the blue line at 1.3485, the red line at 1.3465, the black line at 1.3445, the blue line at 1.3430, and the double bottom level at 1.3410. The price may break below the 1.3410 level and head towards testing the current minimum drawn around 1.3390 or slightly lower.
