A slight reverse to the downside today after yesterday's incline failed to reach levels that would reverse the trend to the upside with the most critical level at 1.2885 where as long as trading is below it, the trend will continue to be to the downside. Today we see the bearish trend could face some upside correction but as far as 1.2710 remains intact, the trend is to the downside.
The trading range for today is among the key support at 1.2310 and key resistance at 1.2840
The general trend is to the downside as far as 1.5080 remains intact with targets at 1.2340 and 1.2225
Support 1.2525 1.2490 1.2410 1.2375 1.2345
Resistance 1.2610 1.2670 1.2710 1.2740 1.2770
Recommendation Sell the pair below 1.2605 with targets at 1.2490 and stop loss with hourly close above 1.2885
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