During the last trading session, nothing substantial has happened. The price spent the whole day in a narrow price range without making a directional movement. Probably, in this way, preparations were made for the further phase of the impulse movement, in our case, a decline is assumed due to the development of wave (v) of the diagonal triangle.

Opening sell deals during updating the current local minimums is the most optimal trading solution.

Investment idea: sell 1.2055, stop loss 1.2080, take profit 1.1900.