On the monthly timeframe we are in the middle of a consolidation range. We are currently retesting the moving averages after a lot of sellers entered the market. On the weekly timeframe we have a large bearish candle that formed last week. We are accustomed to this pair pulling back after large moves like this so we will look for buying opportunities. On the daily timeframe we have multiple confluences at the 1.27500 level. W will look for lower timeframe opportunities to go long on this pair