Momentum up is not that strong, resistance is quite strong which means price is likely to reject and drop off.
This is what might happen:
- Price goes to 1.31 - Rejects at 1.31 and goes to 1.30, then 1.29 and further target to 1.275.
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Current indecision around the 1.30 level.
Looking for a US session bull move
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Price is at a critical level now. If price breaks the lows we have got a bearish view on this. and if that happens, we might see the same sell off but then without a move to 1.31 and maybe targets directly towards 1.275.