Reading price, we can see the swings are starting to shift in direction. Price has pulled back to a previous area of resistance as support in confluence with a long wick rejection. If price manages to hold above 1.24750, we can anticipate bullish movement to 1.27000. If price breaks, we must reevaluate price action.
*Forex is a leveraged product and may not be suitable for you as it carries a high degree of risk to your capital and you can lose more than your initial investment. You should ensure you understand all of the risks. By undertaking these types of high-risk trades you acknowledge that you are trading with your available risk capital and any losses you may incur will not adversely affect your lifestyle. The high degree of leverage can work against you as well as for you.