The effort made by the sellers has finally led to the long-awaited result. The price has sagged well and with a high probability the decline will continue. For now, the situation implies the formation of a correctional wave (2), which is taking the form of a simple zigzag, although it is possible that over time everything may become more complicated.

Therefore, in the near future, the impulse decline is expected to continue as part of the development of the correction.

Investment idea: sell 1.2100, stop loss 1.2120, take profit 1.2000.