Simple short here with price approaching the 38.2% fib of 1.2567 high to 1.2085 low, this fib also lines up with the 100HR MA. It's also previous support from April 15. To summarize:
- 38.2% fib at 1.2269 - 100hr MA at 1.2272 - 1.2270 area is previous support (april 15) and resistance (april 17)