Price has shown signs of rejection at support around the 126.00 level. If rejection continues and we get confirmation of bullish momentum I believe price could reach the resistance at the 126.70 level.
I will look for strong bullish 4H candles as well as signals from the MACD and RVI.
Remember there is important EURO news out tomorrow at 10:00 AM GMT so be careful if entering this trade before this time.