Reduction in bearish momentum and formation of potential base

Order Type: Buy Stop

Entry Price: 1.2620 (to confirm potential breakout and capture upward momentum)
Take Profit: 1.2750
Stop Loss: 1.2570
Confidence Level: 72%

Justification:
Price Action: Reduction in bearish momentum and formation of potential base at lower Bollinger Band.
Volume: Stability and consistent volumes suggest controlled movements.
Indicators: Bullish divergence in MACD on shorter timeframes and Bollinger Band squeeze indicate upward breakout potential.
Support and Resistance: Placing stop loss below immediate support to manage risk.