The pair ended yesterday’s trading on the breach of the neckline pattern of the upside down head and shoulders pattern shown on the 4 hour chart, but it is better to wait for a breach of resistance 1.3325 to confirm the reversal of the mentioned pattern to be the next targets around 1.3435 as the first target and then 1.3545 as the second target and then resistance 1.3655 as the third target.
1.3215 – 1.3225 could press the price to test the support of 1.3115, whose breaching might do a bearish scenario with targets around 1.3015 as the first target, then 1.2905 as the second target and then 1.2790 as the third target.
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