Recommendations: Long positions above 1.3144 with 1.3290 & 1.3360 as next targets.
Alternative scenario: The downside breakout of 1.3144 will open the way to 1.3090/1.3000.
Description: The weekly close last week above 1.3171 , keeps a chance for a rebound to 1.3485 levels, looking to the weekly %(R) , It's approaching from the oversold area, on the daily chart , a daily close back above 1.3305 will confirm short term bottoming and may retest 1.3425/1.3520 levels, stability below 1.3305 will focus on 1.3000 levels, on the 1 hour chart, as long as 1.3144 holds rebound to 1.3290 levels is suggested even higher, an hourly close below 1.3144 will open the way to 1.3090/1.3000 levels.
In the bigger picture,a weekly close below 1.2997 will confirm topping at 1.3710 and open the way towards 1.2661/1.2000 levels.
Note: strong levels on weekly where rebound is suggested to the upside: 1.3208,1.3090, 1.2965..