The pair managed to hold above the 50-ay SMA and in a short-term could continue gains towards the 100-Day SMA by 1.3370. However, daily studies are close to overbought conditions, suggesting that a reversal could take place from current levels. A break back below the 50-Day SMA would confirm a setback towards the 1.2875-1.2930 support area, with a break below to extend losses toward the 1.2625 low.
