On the four-hour chart, we can observe the downward movement, where the price, which shows active bearish interest, has approached the 14-month low of 1.2460.
In case the "bearish", it is possible to assume further movement towards 1,2400 / 1,2200.
Key levels
Resistance - 1,2700;
Support - 1,2400;
Signals
- It is recommended to buy the pair after an apparent deceleration within 1.2460 / 1.2500, with the prospect of a reverse movement to 1.2600 / 1.2670.
- Selling the pair is recommended after a clear fixation of the price below 1.2460 with the prospect of a move to 1.2400 / 1.2200.
Please take note: Predictions are not a direct action to action!
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