Potential harmonic pattern playing out on the weekly/ daily time frames. Price has formed a wedge/triangle since last year October/November. price could break above the bullish trend line of wedge drawn moving towards 1.38000 , also the 127.2 fib retracement level of X-A swing high to low. Alternatively price could fall below support of wedge and larger weekly channel leading to the 1.29500, also the 61.8 fib. with solid bearish momentum and a break below weekly support trend lines price could see further downside movement to 1.25000 (38.2 fib retracement of harmonic X-A points).