The price is contained in the 1.3011-1.3276 range and is testing the 1.3276 resistance while holding above both its MAs.

A downside correction for the 1.3036-1.3275 ascendent wave is also pending.

Sell after a rejection below the resistance at 1.3253, place a stop loss at 1.3324 and a target at 1.3149.

This provides a risk/reward of 66/100.

The price is contained in a uptrend channel near the channel’s resistance and is also testing the 1.3279 resistance while holding above both its MAs.

A downside correction for the 1.3038-1.3279 ascendent wave is also pending.

Sell at 1.3257 after a rejection below the resistance, place a stop loss at 1.3300 and target 1.3191 near Fibo 61.8 of 1.3038-1.3279.

This provides a risk/reward of 40/63.

Goldenschild Asset Management

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