The pair is trading along a downtrend which will be staying in effect until the market gets over resistance level 1.3565. Current downtrend’s target is set at support levels 1.3365–1.3290. As soon as those support levels are reached, a probability of correction towards resistance 1.3565 will emerge. Should the pair continue its way down below support 1.3290, the downside momentum will grow stronger and the market’s next downside target will be set at support 1.3110.
An uptrend will start upon the pair rises above resistance level 1.3565, which will likely be followed by getting to resistance levels 1.3725 and 1.3820.