Recommendations: Long positions above 1.3017 with 1.3115 & 1.3200 as next targets.
Alternative scenario: The downside breakout of 1.3017 will call for a slide to 1.2970/40
Description: The pair broke above the daily resistance 1.3061 yesterday. More gains are suggested today. Below 1.3017 may delay the bullish move and retest 1.2970/40. In all as long as 1.2943 holds. The pair will remain biased to the upside even in case of a bearish correction.