The rally stalled at 61% FibRet of latest swing down. There is Weekly Resistance level No 2 as well , so it might be quite a hurdle for bulls.
Nevertheless, I expect more upside progress in waves to finish wave 3 or (c) somewhere at 1.3120 area. That Could be a nice move in three waves up as a whole wave B.
There is a possibility that this move upward (that might be labeled as wave B) is finished in three waves up (a) (b) (c) @ 61%Fibo.