Overall the market is bearish with a downside breakout likely sending trade to attack a 1.2521 weekly low. A close under 1.2521 is very bearish 1.2444. Current corrective rebounds trapped by 1.2646 will maintain bear forces. However, a punch over last week’s high alerts for a possible flip to bottoming trade. A close over 1.2688 confirms the start of a reversing upturn.