A bullish reverse Head and Shoulders is forming. The medium term bias remains bearish. We have a 78.6% Fibonacci pullback level of 1.2588 from 1.3380 to 1.2373. Although the anticipated move higher is corrective, it does offer ample risk/reward today.
We look to Buy a break of 1.2605 Stop: 1.2560 Target 1: 1.2710 Target 2: 1.2750