Long positions above 1.32 with targets @ 1.342 & 1.348 in extension.

Alternative scenario: Below 1.32 look for further downside with 1.315 & 1.31 as targets.

Comment: the pair has broken above its declining trend line and should reach its next resistance.

Key levels

1.3545

1.348

1.342

1.3287 last

1.32

1.315

1.31