Main scenario:
The pair is trading along an downtrend.
The downtrend may be expected to continue while pair is trading below resistance level 1293, which will be followed by reaching support level 1258 and if it keeps on moving down below that level, we may expect the pair to reach support level 1234.
Alternative scenario:
The uptrend may be expected to continue in case the market rises above resistance level 1301, which will be followed by reaching resistance level 1325.
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