Willing to buy 1.2623-29 targeting 1.2713+ with a stop at 1.2587. Will manage tight once new support is set at 1.2616/23. Prefer to see 1.2637-44 area busted north. If no new support is set at 1.2613-23 range on 3 minute chart, will prefer to kill the trade if it falls back towards 1.2600 and wait for new setup. This is a medium to high risk trade due to the congestion and consolidation in the market. I may address the bear side if support at 1.2560-79 does not hold, and if we see a test and hold of that support, I may open a buy on that test with lowest risk of equity using a 17 pip stop.
