The 127 looks like it is in check by like-minded participants from an extension commenced at A (pink).
I was surprised by the ferocity of the AB Leg (Red) post Greek positive news on Monday.
Perhaps people pre-empted repatriation of Euro flows (can not quite explain this one last week).
In serious crises the country in question normally sees its currency rally (quite counter-intuitive).
New target of 1.09598 ( Red)