After the parabolic run we have seen, I am expecting a retracement on the pair to bring us back into the 1.2500 region. The high wicks of 1.2700, show the momentum slowing down and the market beginning its reversal. Another factor that everyone seems to have forgotten about is Brexit, as Covid-19 and other matters have been taking over the headlines. There is a Brexit deal that needs to be completed before the end of the month as well, so this is fuel that will help bring the pair back down.