The pair has somehow stabilized between the range of today’s major levels, the 1.3022 and 1.3051 respectively.
In the scenario where the buyers are unable to lead the price above 1.3051, the sellers could increase their bearish attempts to force the pair as low as 1.2917 and 1.2830 respectively.
In contrast, in the event where the buyers are able to force the pair above 1.3051, the price could escalate as high as 1.3195.
Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.