H4: The currency pair failed to consolidate above the level (+1/8). Currently, the price is in an overbought zone, which provides resistance throughout the area. Therefore, the price increase is accompanied by pullbacks. In the current situation, a decrease in quotations to the level (8/8), which limits the exit of the price from the overbought area downwards, is expected.

Trading decision: Sell at 1.2775, TP at 1.2695.