1.2745 is a major resistance, while this level is not broken, the Midterm wave will be downtrend. We will close our open trades, if the Midterm level 1.2745 is broken. Technical analysis:
While the RSI downtrend #1 is not broken, bearish wave in price would continue. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 39.