1.2853 was the low from Thursday
Now, the range for the day has been extended AND the price is moving away from those key MAs. Stay below, keeps the sellers in control. Move above and we could/should see some of the sellers taking profit. PS the 100 hour MA remains another ceiling that would need to be broken for the bulls to take more control.
So bears remain in control. The next target is the low from last week at 1.28531. A move below it will look toward the 50% of the move up from the Jan 2019 low at 1.28346.