The pair continues to trade horizontally above the 1.3045 level as the pair is expected to remain neutral today.
It is possible to recover but will be limited at the resistance level of 1,3313 after breaking the resistance level at 1,3204.
In the case of a drop and break the short term support level at 1.3095, the price will move towards the medium term support at 1.3045 as a breach of this level will push the pair further bearish towards the 61.8% Fibonacci correction (1,1987 and 1,4377) At 1.2900.
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