EURUSD - trading recommendation

EURUSD rate reached the 1.29750 support, which has stopped the decline and led to bouncig up. The closest resistance to this movement is 1.3035. This level in conjunction with the downtrend line should stop further growth. However, if it is broken the next resistance is 1.3075. In the near future I expect consolidation in the 1.2975 - 1.3035 zone. Currently the rate seems to be too weak for some further upward movement. I expect it will sustain the bearish mood. The signal for further declines is breaking below 1.2950, and the next goal for this movement is 1.2905.

EURUSD - Daily chart

EURUSD - H4 chart

Trade recommendation: Sell after closing below 1.2950 Take profit levels: Target : 1.2905