The pair fell from last Friday’s trading below 1.3210 support to receive support from the bullish trend line shown on the 4 hour chart … The possible bullish scenario remains intact as long as the trades remain above the mentioned trend line and the pair may return to face resistance 1.3340 (the first target on Wednesday) ) Then 1.3480 as a second target and then 61.8% for the general downside wave around 1.3630 as the third target.
A break of the 4-hour uptrend line below 1.3100 support might be enough to end the bullish scenario, and the pair could then back to test support 1.2990 as first target and support 1.2880 as a second target at least
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