Currently, the pair is trading around the critical resistance of the downside movement, whichmeets the exponential moving average 50 and 161.8% Fibonacci as shown above on the chart at 1.3000. The downside movement could control the pair's movement again, affected by the mentioned levels.Stability below 1.3120 is required for our negative outlook to prevail.
The trading range for today is among the major support at 1.2720 and the major resistance at 1.3220.
The short-term trend is to the upside with steady daily closing above 1.2795 targeting 1.5135
**New York Candlesticks**
|Recommendation||Based on the charts and explanations above, our opinion is selling the pair below 1.3000, and take profit in stages at (1.2875 and 1.2790) and stop loss with 4-hour closing above 1.3120 might be appropriate today|