Local phase of the market is downward. Resistance 1.3227 at upper Bollinger band yesterday was confident enough, making the market to rebound downwards, therefore testing of the lower band (1.2952) looks logical.
Intraday we note contraction of trading range within Bollinger bands (1.3024-1.3163), that probably will keep on today and will become the boundaries, that will define further break of the quotes in any of directions.
Volatile flat in the 1.3024-1.3163 range.
Seeking for signals at the 1.3024-1.3163 zone.