After yesterday's straight forward rally the pair is consolidating in a 30 pip range between 1.2950 and 1.2920. The key to turn it short term bearish is around 1.2900 level. Breaking the 1.2950 targets/resistance are: 1.2960 / 1.2973 / 1.3000 zone / 1.3028 / 1.3080.
Around 1.2900 sitting the daily CP and a 38.2 fib retrace of yesterday's rally.
Just a few moments from taking the above screen shoot the price started to rally again.