Forming of downswing is in progress. Most likely it will stall at stiff pivot-zone 1.2952-1.2974, where we can expect a bounce and start of new upswing with mid-term target at 1.3069.
Local downward structure allows considering intraday short trades from 1.2997-1.3006. Thus we expect movement toward mid-term support 1.2942 from this zone with following upward reversal.
Decline from 1.2997-1.3006 to 1.2942 and then upward reversal.
Shorts from 1.2997-1.3006 to 1.2942.
Longs from 1.2942.