Looking at the daily chart, keep the 1.2831-60 level in focus. The level was a swing high in March and a swing lows in July and October. Admittedly, the pair has been trading above and below the level in trading in April and also May. Last week the price fell below the area on the break to the low for the week. But on Friday, the low was 1.2834 - just above the lower extreme at 1.2831 and Wednesday, the low just squeaked below the level at 1.2829. So there is some signs of support. Keep the level in mind should there be some further downside this week. If tested - and holds - that would be more bullish for the pair.