just a basic support and resistance
Weekly Daily and 4H Support lines are sitting in almost same area.
1.2660-1.27 seems to be the area.
Stay long unless 1.2660 is broken and confirm by next week week
otherwise daily and 4H show bullish tendency.
Resistance weekly and daily are falling in same area of 1.2980-1.30
This is quite possible. But I prefered to leave the short position and wait for an entrance signal whereas I admit that it could come soon if the 1,2720 level confirmes itself as a a strong resistance. What makes me reluctant is that the 1,2750 didn't hold.