The pair remains stable below 1.2800, and at the same time above the critical support barrier 1.2725, which makes us continue with our sideways range scenario on the intraday basis, where stochastic is offering positive signals on the daily time frame supporting the chances for achieving some bullish bias for now.
In general, the sideways trading range remains valid unless 1.2725 is breached and settled below, while this technical factor will push the price towards levels that begin at 1.2600 and might extend to reach 1.2400
Expected trading range for this week is between: 1.2550 support and 1.3000 resistance.
Expected trend for this week: Sideways