The pair is trading along an downtrend.
The downtrend may be expected to continue in case the market drops below support level 1.2680, which will be followed by reaching support level 1.2550 and then 1.2230.

An uptrend will start as soon as the pair rises above resistance level 1.2890, which will be followed by moving up to resistance level 1.3080 and then 1.3230.

Resistances: 1.2800, 1.2890, 1.2980, 1.3080, 1.3230
Supports: 1.2680, 1.2550, 1.2230