Weakness during the first few days of the week found support at 1.2890-1.2935 area, which was noted before in several posts, over the last few days. I´ve been watching this area for almost a week, now.
This area is not random in my analysis, but relates to a precedent situation (as noted on the chart below) in mid-September where the upmove gained thrust on the move to swing highs. Therefore, it is an important area, the way I look at things. The next meaningful support area in my analysis is 1.2750 – 1.2810
As for today/next few days, I´ll be looking at 1.2964 – 1.2985 area and -more importantly- 1.3045 -1.3080.