The price is coming close to the strong level, which we could often see in the history. We are waiting for the clear reflection, which could give price direction to 1.2660 level, which could give us about 250 pips profit. But in case of breaking our level, trade won't be valid and I suppose strong bullish impulse.
Trade active:
trade still active and follows scenario. The price reflected fibo level and continued falling after bearish engulfing.