Yesterday, the zone 1.3321-1.3295 was used as a key Resistance both on the daily and 4 hour charts. Following the rejection from this zone, the price dropped relentlessly to the lower side but is currently facing a key daily support zone 1.3040-1.3025. This is a key support zone, and unless there's a clear bearish breakout below it, I expect a rejection from it to pick a long position towards 1.3295. On the other side, if the price should go below 1.3025 then I expect further drop in price towards 1.29.
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