Little bit Pull back coming to an end!
We have witnessed a little bit pul back of this pair on yesterday’s trading. This is possibly due to the data came out from the US side which was in a softer tone.
However, we are expecting pullback is about to end which could be a good buying entry catalyst.
Our view is buying this pair @1.2935 for the target of 1.2974 whereas the stop loss could be appropriate around. 1.2919
Break below of 1.2919 could pave the way towards. 1.2890 as the next support level.