On the weekly timeframe we are still looking for price to pull back lower as we clearly rejected the upper resistance level at 1.22800. Down to the daily timeframe we are in a pullback at the moment but still respecting trend. Where I see things the clearest is on the H4 timeframe. We have an opportunity to catch a nice move to the downside here. We rejected the 100% level and supply zone which means we are ready to head lower. I will look for shorts on the lower timeframe to get in on this one!