As we can see this market has made new higher high near 1.2910 and now market is pulling back towards the old resistance / new support area
towards 1.2585. Also notice that below this level we have 10-days range area and this level is also acting as that range's resistance boundary. we also have 50 ema
in place just on that level as well. good confluence levels are lining up here such as new trend, horizontal level and 50 ema's. If market holds this level as new support and provide us bullish
price action signals then we will be interested to open longs in this markets. good trading!