In the bigger picture the swing lows in Red are still falling so we are only expecting price to retrace here, however the inset swings are advancing in blue. We cannot short when we have higher highs and higher lows on the insets, but we can long these insets every time they retrace if the swing low holds. The first zone has taken multiple hits and is pretty beat up. The mid zone seems feasible to reach at 1.3207. Alternatively if price falls below the last swing low in blue then price has lost momentum to keep moving higher 1.2992 needs to hold price up. If the inset swings are still moving up after reaching a zone then the zone is no good to us to short from.