The parity price shows an increased volatility due to the fundamental factors. At this moment it is testing side-wards support line.
Crossing the mentioned line to the down will indicate 50.0 and 61.8 Fibonacci levels as our downward targets.
But as long the price stays above that line, 1.3100 will be decisive for the price direction whenever price will stay in the descending channel formation or break it to the up. In that scenario, 1.3130 will be the second short-term resistance.
Crossing the mentioned line to the down will indicate 50.0 and 61.8 Fibonacci levels as our downward targets.
But as long the price stays above that line, 1.3100 will be decisive for the price direction whenever price will stay in the descending channel formation or break it to the up. In that scenario, 1.3130 will be the second short-term resistance.