Bullish swing apparently is not finished - yesterday’s session showed that buyers are ready for rapid actions and the day was closed by engulfing and a break of bullish inside bar. Thus we can expect the major at 1.3008-1.3050, where we have a very strong mid-term pivot and where a downward reversal will be highly likely.
Local key resistance zone 1.2939-1.2945 was successfully broken at the time of writing also suggesting an extension of growth in direction 1.3008-1.3050 (black arrow).
Scenario with a prior correction (blue trajectory) we subsequently do not consider.
Growth to 1.3008-1.3050. Then a downward reversal.
Longs to 1.3008, 1.3050.
Shorts from 1.3050.