International Trading


Approaching to daily low, pair sunk on risk aversion and after a brief corrective movement to the 1.2830 area, pair approaches again to the key support area, the Fibonacci daily retracement around 1.2790. If the level gives up, pair could quickly retest weekly low around 1.2730 an immediate support for the cross. Still bearish in the hourly chart, a shocking stress test report could exacerbate risk aversion, and under this last, fall could extend to 1.2680 zone before finding some support.

To the upside now, 1.2880 is key, as only above this area pair will erase the bearish tone and regain the upside, heading towards 1.2930 and 1.2960 zone.

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