Bulls faced a resistance at 1.2260, so we’ve got two “Thorns” in a row. In this case, the market is likely going to continue falling down towards the next support at 1.2106 – 1.2084.
If we see a pullback from this area, there’ll be an opportunity to have an upward correction.
There’s a “Double Top”, which has been confirmed. All Moving Averages have been broken. In this case, the price is likely going to continue moving down. The main intraday target is a support area between the levels 1.2106 – 1.2084.
Origin: FX BAZOOKA
