Take a look at this chart: the pair has reached almost the roof of the big descendant channel we have been seeing lately, and from there quickly come back. Fighting to break under 1.2900, indicators are pointing to the downside, yet the pair will have to clearly break the 20 SMA (red in charts) around 1.2860 top continue in that direction: from there supports will be at 1.2820, 1.2765, and finally the zone @ 1.2710. Resistances from actual price will be at 1.2932, the zone around 1.2980/90 and finally 1.3030, roof of the mentioned channel.
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