The pair is moving sideways below 1.3340 (the first target that was achieved) in an attempt to gain bullish momentum due to the saturation signals indicated by the Stochastic and rsi indicators on the daily time frame … breaching the mentioned resistance may push the price to further rise towards the second resistance level 1.3480 and 61.8% for the general downside wave around 1.3630 as the third target.
The bullishness remains valid as long as the pair is above the 4-hour uptrend line and a 4-hour closing below 1.2970 might be enough to end the bullish scenario, and the pair could then go to test at least 1.2780 support.
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