The pairtouched the level of 1.2930 and then rebounded sharply to the upsidedamaging our negative expectations yesterday, after the breach of the level of 1.3035. The pair approached the resistance level at 1.3135, while the negative divergence seen on RSI is still valid and the return of the downside movement is still possible due to the mentioned resistance level, but the long bullish candlestick is a positive sign, while the moving averages are trading positively. Therefore, wewill stay asidetoday, awaiting the pair's behavior around the resistance levels at 1.3135 and 1.3195, where consolidation below these levels could support the return of the bearishness, while a breach of these level could trigger an upside wave.
The trading range for today is among the major support at 1.2840 and the major resistance at 1.3295.
The short-term trend is to the downside with steady daily closing below 1.3145 targeting 1.2220.
**New York Candlesticks**
|Recommendation||Based on the chart and explanations above, we remain neutral awaiting more confirmations|