Recommendations: Long positions above 1.3226 with 1.3290 & 1.3330 as next targets.
Alternative scenario: The downside breakout of 1.3226 will call for a slide to 1.3190/130
Description: The pair broke above the main resistance 1.3242 yesterday. Topped at 1.3305 levels, trades above the key support 1.3226. As long as this level holds on an hourly closing basis. The pair is likely to move higher towards 1.3330 levels. Losing 1.3226 would delay the bullish move and bring a side towards 1.3190/130 levels, but downside below 1.3226 is likely to be contained well above 1.3130 levels and bring another rally to the upside.