Yet again the spot has failed to hold above 1.30 handle and is now trading around 1.2950 levels. With the RSI pointing lower, the pair is likely to test 1.2870 levels over the next 24-48 hours.
On the higher side, only two consecutive daily close above 1.30 would revive the bullish view and open doors for 1.32-1.33 levels.
On the higher side, only two consecutive daily close above 1.30 would revive the bullish view and open doors for 1.32-1.33 levels.