Daily: despite a convincing inside bar, the bears still have trend potential, so the pressure on the pair may continue.

H4: local downward phase of the movement within the framework of the possible development of the “bear flag”. Supports on the way – 1.2127, 1.2075, 1.1961.

H1: we note the limited intraday trend potential. It is unlikely that the price in such conditions will fall below the support of 1.2041 (lower Bollinger band).

Scenarios:

• The main one is a decrease to 1.2041, then a reversal upwards.
• Alternative – bounce up from 1.2127 and recovery to 1.2212.

Trading Solutions:

• Sales to 1.2041.
• Search for possible buy signals in zones 1.2127 and 1.2041.