So, it had its rebound in the end of July, had a good run to the upside, where it retraced 23.6%. Now on a lower scale it has retraced 61.8% already.
Ideally, I would like to see a good recovery of the Dollar, which would push this pair higher.
Initially, I would be aiming for 1.29450 (~38.2%) with the potential to go to 1.31100 (~61.8%).
But it doesn't matter what I want, the market has got already a plan of its own.
Keep an eye on the price action!