The pair rallied to the upside sharply to retest 1.2970 again, keeping its stability below this level, which makes us keep the bearish trend expectations on the intraday and short term basis, supported by Stochastic reach to the overbought levels, but, it is important to be aware that the last retest processes have recorded three ascending bottoms which appear in the image, and that might form a positive pattern assists the price to breach 1.2970 and then turns its track towards the upside.
Thus, cautious required in the upcoming trading, especially when the price approaches from the mentioned level.
Expected trading range for today is between: 1.2750 support and 1.3045 resistance.
Expected trend for today: Bearish