During the upside, there was a break above a major bearish trend line with resistance at 1.3220 on the hourly chart. The pair later settled above the 1.3240 and the 50 hourly simple moving average.
At the moment, the pair is trading near the 1.236 Fib extension level of the last decline from the 1.3258 high to 1.3182 low. A break above the 1.3280 and 1.3290 levels may push the price towards the 1.3320 level.
On the downside, there are many supports near the 1.3265 and 1.3250 levels. The main support is near the 1.3240 level and the 50 hourly simple moving average.
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