At the moment we are seeing a corrective movement in our pair, as it was reflected from the 1.27 mark and headed up. Right now the pair is staying at the level of 1.2820. In case of a fastening above this level, the upward movement can continue.
Today no significant macroeconomic indicators are expected, therefore we expect low volatility in our pair.
Our technical indicators point to a weakening of the upward momentum, so we advise you to expect a clear signal to enter the market.
If the continuation of the upward movement is confirmed, we expect the price to reach the levels of 1.2895 and 1.2960.
