For this pair I have two possible scenarios that I am looking at. If this corrective structure on the 1 hour chart holds we should see another push up towards 1.3170 primarily and if that short term resistance folds an attack of 1.3270 is likely.
If this corrective structure fails (orange arrows) I expect buyers to step in around 1.3080-1.3085 with targets at the above mentioned levels.
If this corrective structure fails (orange arrows) I expect buyers to step in around 1.3080-1.3085 with targets at the above mentioned levels.
Trade closed: stop reached:
None of the short term support levels held.