I'm seeing some fierce resistance here too. I have my stop a little above where it has been - a little higher than the ATH. Does not look good, and I should perhaps cut it right here for a -9 ticks, but will hold on a little. edit: seconds after this post, I got stopped out for. Oh, well ... a -30 hit there instead.
One bad scalp and a better short revenge scalp after that and I'm at a total of -22 ticks. It seems stuck a little here right now, but we'll see testing of downside in a little again. 1.3010-ish might hold some resistance - while 1.3000 would be easy going with toggling a lot on bigger chops. Too difficult to call, need to see how support builds up. This was all "force" hitting and hitting it over and over again. edit: it seems to have a little issue with the 1.3030-ish .. a few shorts seems to have been established there (I cut mine at +10 for that only succesful scalp from there). The same pounding attack might push it to mid 1.3050s I think. If I had woekn up a few minutes before and had time to read a little on the action before posting, I would have chickened out a little earlier. But my first thing was looking at charts - seeing it was not good ... oh, maybe I would have been stubborn. At least my stop was very well placed.
I couldn't help myself but short from little bit below 30. As you said pushing this towards to 1.3050s is likely. I'm hoping for a sudden flop.
I did another +2 scalp, but I was looking for a +10. I don't think shorting this seems like a winning strategy. -20 now on 4 trades - a little more leverage on that last one, but still not exactly a devastating loss from that initial small position.
I think US RTH action will be covering some losses on shorts here - for all those not being triggered above 1.3010-ish. Otherwise choppish with possible break of 1.3050 looming.