So as we currently see we had a midweek reversal last week which broke the current trend line and current phase price is accumulating, it could retrace down to create a inverted head and shoulders pattern. If it does than well have more conformation on bullish momentum which could result in price surpassing previous daily high. Key areas to watch out for are 1.2976 if price can break this will allow price to grow in the 1.3 area.