Type:
Bullish Bounce

Key Levels:
Resistance: 1.27314
Pivot: 1.26335
Support: 1.25936

Preferred Case:
With price approaching the support of the stochastics indicator and horizontal support on the graphical levels, we are biased that price will do a pullback from pivot at 1.26335 in line with the 61.8% Fibonacci retracement to 1st resistance at 1.27314 in line with the 50% Fibonacci retracement and horizontal overlap resistance where it's closer to the recent trendline breakout before continuing with its overall bearish momentum.

Alternative Scenario:
Alternatively, price may break pivot structure and head for 1st support at 1.25936 in line with the horizontal swing low support.