The pair has been rejected off the major support at 1245.5 region. The pair is likely to undergo a correction rally before it rechallenge the support. The pair would likely found resistance at Fib 0.236 (1272.19) region which also coincide with the EMA 8 & Downward trendline, which the pair seems to respect. If 1272.19 failed act as a ceiling, the pair would continue further up towards 1301 which is the weekly resistance and Fib 0.5.