Sellers managed to confidently push the price and give hope that this is still a reversal, which means that a diagonal triangle was formed before this decline. The started decline in this case is wave (2) of the incipient upward impulse. The correction can take the form of a zigzag and the expected trajectory of the price movement is indicated in the given chart.

Therefore, a further decline in the pair is expected in the near future.

Investment idea: sell 1.2190, stop loss 1.2210, take profit 1.2100.