Okay, we're in the 1.278 area now, which was my first target.
The MACD is bearish at 2 hours, 4 hours, 8 hours, 1 day, and 1 week.
In my opinion, the next stop is 1.269, and then finally we'll end up in the 1.245 area.
I'm heavily short with a wide stop, so I can withstand a bit.