Buyers tried again to pull the trick with the price returning to the maximums after a sharp decline, but they only had enough strength to win back half, and then the price returned to the minimums altogether. Probably, in the near future we will see a further decline due to the development of a correctional wave (2).

Now the pair is trading on the lower line of the diagonal, which is also a support level. I don’t think that it makes sense to wait for a breakout, inasmuch as the price will immediately go down strongly, so it is recommended to be proactive and enter sell deals at current prices.

Investment idea: sell 1.2175, stop loss 1.2200, take profit 1.2100.