The pair received support from the 4-hour chart’s bullish trend line, which rose strongly during yesterday’s trading, breaking the corrective correction structure and ending the downside scenario that achieved its first target at 1.3000 … The pair is currently trying to consolidate the 1.3140-1.300 area and gather enough momentum Rising before heading to the last high at 1.3340 as the first target and breaching it could increase the gains towards resistance to 1.3480 as the second target and 61.8% for the general downside wave around 1.3630 as the third target.
A break of the 4-hour uptrend line below 1.2970 might be enough to end the upside potential and could then head to test at least 1.2780
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