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As I've said in previous researches 1.26 area is a very strong support, that includes weekly Pivot support 1, Fib support at 1.2605.
Not it looks like that this level holds the market above it. Although I do not see any signals for positional trading, there is one for scalping.

On hourly chart we can see two important moments. 1.2680 - is Fib Conjunction support area and level of previous highs/lows. it gives support market and market has jumped out from there. the red line is MACD Devinateur. Look at yellow rectangle area - trend tries to change bearish, but bar has closed above the red line. This is a signals MACD Failure, or stop hunter. It means that there is a great probablility that previous highs at 1.2740 area will be taking out by the price today.
Now lets shift to 5 min chart - I expect deep retracement and there butterfly pattern could be formed with the target around 1.2760 - just below the weekly Pivot point.
So, my plan is Buy around 1.27 with the target 1.2760. Just one warning - I will not enter the Long position, if market will shows fast thrust at the way to 1.27. Stop just below 1.2780.