The rate is moving sideways on Daily chart, the price has tried to test the support of this range but wasn’t able to close near the support area. Today the price has grown, we have a bullish candle and I’m expecting to see the rate even higher next week. This range is a consolidation after a long uptrend. The price can grow to approach and test the resistance of this sideways movement. The outlook is bullish on medium and long term but we have an important resistance above 1.2762, we’ll have to wait to see what will happen when the price will reach this area.