Stochastic indicator shows that we are in oversold zone . We are in potential reversal zone : D point of bullish shark pattern (blue) and butterfly pattern (orange) in higher movement , We also have a five count elliot impulsive waves and we might be at the beginnig of the first leg of corrective wave. I am expecting the price to bounce on the 1.27 level and go up in order to retes at least 1.3 level . For a buy at 1.27 , TP at 1.29956 and SL at 1.25755 you get a RR ratio of 2.27 .