I would like to see how price reacts to this level, I am looking to take a short position around 1.27/1.28 with a tight stoploss at $1.30. TP I would be look at is $1.22, however if that level does not uphold, then I will be looking to go to $1.12 - $1.14 to which I would be looking for a confirmation of a long position to long-term target of $1.50.