The weekly chart brought another long bearish candle. Although bulls lost all the way, they had their chance on Friday. The last trading day in June started with an upswing that managed to break the bearish mid-term trendline (blue), which later allowed bulls to attack and successfully break the 1.3060 resistance. At the end of the European session they lost everything and allowed bears to come back below 1.3060 and further below the 61.8 Fibonacci level. The fall stopped just above the trendline, which was the only and just a small positive signal at the end of the second quarter.
The European session today started with an upswing which successfully broke the 61.8 Fibonacci level which will be the closest support in the short-term. Bulls are aiming for 1.3060 again and breaking and further holding this level should have a positive impact for the next few days.