The pair has not yet been able to hold steady below 1.3195 which makes neutral the preferred level until breaching this level to confirm the continuation of the decline to support the test 1.3070 as the first target, whose penetration may extend from the decline towards 1.2915 as a second target and then 1.2780 as a third target.
A return to the upside and a break of 1.3325 might be enough to activate the upside down head and shoulders pattern shown on the chart to be the next potential targets around 1.3435 as the first target, then 1.3550 as the second target and then 1.3660 as the third target.
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