Earlier forecasts, expecting 1.3040/30 support level to halt the "bearish" movement and push the price back to 1.3210/20 – 1.3080/90 consolidation range confirmed, so the price now resides at 1.3130/49 level. Indicators are unclear, suggesting rising uncertainty in the market. 1.3080/70/1.3040/30 support levels breakouts will be a signal to anticipate further downtrend towards 1.3000 and then to 1.2900 level. 1.3230/20 resistance breakout will give reasons to anticipate 1.3280-1.3300 levels tests anytime soon. 

Analysis prepared by:

Arkady Nagiev
Forex4you analyst