Recommendations: LONG positions above 1.3341 with 1.3390 & 1.3435 as next targets.
Alternative scenario: The downside breakout of 1.3341 will call for a slide to 1.3270/1.3230
Description: The pair already found support at 1.3341. As long as this level holds. Look for further upside gains towards 1.3390/1.3435 levels. An hourly close below 1.3341 would delay the bullish move. But downside below 1.3341 is likely to be contained well above 1.3230/70 levels.