Situation remains arguable. On one hand corrective upswing is completed and correspondingly bears can make a spurt from current levels to the downside in direction 1.2767-1.2787 (red arrow). On the other hand yesterday’s close was explicitly bullish, therefore we can’t rule out further growth in direction of the last structure’s high (1.2972-1.3011).
Local upward structure undergoes the stage of corrective downswing building, which presumably will be completed at wide PPZ 1.2847-1.2856, from where we might consider longs within new upswing towards 1.2900.
Decline to the 1.2847-1.2856 zone and then growth towards 1.2900.
Shorts towards 1.2847-1.2856.
Longs from 1.2847-1.2856 to 1.2900.