Bears are fighting hard at the 1.2500 level and the price action is heading below the value low.
Seeing some bullish momentum in USD and Euro short term weakness, it would be safe to stick with bears.
Remember, this is a counter trend trade.
Watch 1.22500 level, it it breaks, more bear shall follow.
Look at the chart for TP levels.
Trade closed: target reached:
You may take out half your profits and hold.