Everybody draws their trendlines a bit differently but I think there’s little doubt that the line from 1.2150 through 1.2250, 1.2640 and 1.2770 has now been broken. Any intraday rallies back towards that line, now near 1.2830, should present good selling opportunities whilst 1.2770 should be initial support. A break below there would open the way for a much deeper correction.