The pair has already formed one shoulder and the head. If the trend line is not broken than the second shoulder would be formed, which means that the first support is around the figure neckline – 1.30 and next is down to 1.26.
In my opinion, a breakthrough line of resistance will not be. The oscillators on the daily and weekly time frames show overbought and ready to turn. At 4hour timeframe can be seen that the figure of a bull's head emerged from the shoulders to just on a daily level of resistance. Sorry for bad English :)