The prices are flirting with a support area around 1.2275.
Pay attention that the afforsaid area is the chanel support which is showed on the figure above.
The question is,is the support area going to turn into a resistence area? Or it is going to hold this week as well?
It remains to be seen.
But if the support will not turn into resistence and you intend to enter into long positions,you could consider 1.2700 and 1.2500 areas as possible areas.