The talk in the market is of large sell orders at 1.3100-10. There are likely to be some short term trader stops above an hourly high at 1.3035. I believe that the heavier buy orders are now around 1.2750/1.2800 and that order books look like a mixed bag until then.
The fundamental picture is also mixed with consumer sentiment improving in both Europe and the US, albeit slowly from very low levels.
This pair is too hard to pick at the moment so go with the money- if gains stall around 1.3100 then the orders must be real and sizeable, so sell a failure with a fairly tight stop looking for a move back towards 1.2850-1.2900.