Price stays in the buyer’s territory but needs a bullish spark to be able to resume the upside movement. It has changed little today and seems a little exhausted, wasn’t able to approach and reach the 1.2994 Friday’s high. Could retest the 250% Fibonacci line before will climb much higher, is still bullish as long as is trading above this dynamic support.
The near term resistance is at the 1.3046, while the major resistance could be found at the 1.3266 previous high.
