The pair is trading along an downtrend.
The downtrend may be expected to continue from current levels, which will be followed by reaching support level 1.2500 and then 1.2230.

An uptrend will start as soon as the pair rises above resistance level 1.2815, which will be followed by moving up to resistance level 1.2980 and then 1.3090.

Resistances: 1.2690, 1.2815, 1.2980, 1.3095
Supports: 1.2500, 1.2230

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