The price has reached the upper band of the falling channel and it is retracing. A smaller uptrend is forming inside of the falling channel. The price is at the crossroads: as long as it stays above the bottom line of smaller formation, there is a possibility that it will break the bigger formation to the up in the vicinity of 1305 - 1308. But if the price drops, it will reach the first target at 1286 and then will decline toward the lower band of the falling channel.
Good luck!
LimitFX
Good luck!
LimitFX
