I'd like to see the bears extend this recent downturn a bit further with a close below 1.2750 to give me more confidence in a medium-term bearish trend. I'm still short-term bearish but I'm moving my key level down to 1.2875 from 1.2900 - If it stays below this level I will remain bearish.
As always CP users can check for intraday candles to trade and don't forget to check the forex calendar to avoid event risks.
Trading Idea: Currently still have a short open but will look to add with a short with confirmation from 1.2875 with targets at 1.2850, 1.2820, 1.2790 and 1.2760 for 115 pips profit.
A very aggressive trade would be a long on a close above 1.2900 on the 1h or 4h charts targeting 1.2990 for 90 pips total.