Watch for seller pressure (entry) a retest of 1.2780 also the previous broken descending channel. the nearest support is at 1.2590 (1st target) and then 1.2400 (2nd target). Otherwise, any daily candle close above 1.2780 area would change the bearish projection.
Order cancelled:
Short projection is cancelled due to strong bullish pressure, with the recent comment from President Trump about fat interest rate as well as Brexit update coming this week it will not be ideal to trade this pair until a clear price action developed.