The pair fell during yesterday’s trading breaking the support of 1.3200 to return to the upside during the Asian session in an attempt to retest it and gather enough bearish momentum due to the saturation signals indicated by Stochastic and rsi …
The best possible scenario: the downside to test support 1.3070 as the first target, which could push the pair to further 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 disrupt the downside scenario. The upside-down head and shoulders pattern shown on the chart could 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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