Yesterday price traded above the prior day's high (bullish hammer on daily chart). Yesterday's close had a tail on top and it is not a "good" signal for Bulls. Bullish hammer if unfold in the middle of a trading range or a Flag, it's valuable meaning may drop to 50%. Bulls who might have entered with longs seeing only the Hammer but not the contest "might" be trapped. On 4 hour TF (as per chart) price could be right in the middle of the Bear Flag, trying to make a double to top with 1.323 and price is right on a bear trend line from September's high (1.365) slightly broken but not confirmed. Today and tomorrow are crucial to see where the price may go,a lot of support and resistance are present. My view is Bearish at the moment till 1.288/1.293 area,thinking and seeing price has lack of Bullish Momentum (at the moment). Trade Safe and Good Luck/Success to you all. :-)