It is quite amazing how this one has moved from 1.40 to 1.2690 without even a slightest retracement along the way. Nevertheless, a correction will come at one point and perhaps that moment is not very far anymore. I really like the fact that we took out the 1.2750 zone which was an obvious StopLoss area and now we basically do not have any significant supports left. So maybe, price will play a little trick on bears and start some kind of correction.
Time will tell.