Break Of Support Or Resistance?

The EUR/USD seems to be consolidating between support and resistance. Current intraday charts show the currency pair bouncing from support at 1.2750. With the bias appearing to be bullish, we will try to ride the Euro to the next target around 1.2800. We will remain cautiously optimistic as long as 1.2745 is not violated. In that case, 1.2714 becomes the next floor.