I hope, that beginning of the week went alright for you, didn't it? What a both-side rally we've experienced yesterday on the pair!
But let's look more precisely on price action during first trading hours of Wednesday:
That's what I've seen as I sat in front of the screen. There was a rather slow, consequent move down from the peak, that I've read with Elliott theory as a 5-wave, impulse structure. Honestly, I didn't expect that the price will return from 1.219 for 100 pips higher - but that's what we have to work with :)
According to the chart posted above, I've entered SELL from 1.2284 with SL put at 1.2291. YOu already know what happened a bit later:
I suggest you look at support trendlines, starting from 82 and 73 - they could work good for target desicions. As for resistance (they're quite obvious in that case), I'd like to re-enter my sell from 65/70 area.
I'll try to bring some updates for you today, but need to go to Estonian embassy. Have a profitable trading!