The pair is testing 61.8% Fibonacci level now at 1.3060, as breaking this level represents main key to reinforce the expectations to continue the bearish trend affected by the head and shoulders pattern that appears in the image.
Therefore, the bearish trend remains valid and preferred for today unless 1.3125 – 1.3175 levels were breached.
Expected trading range for today is between: 1.2900 support and 1.3125 resistance.
Expected trend for today: Bearish