Price continues to play cat and mouse, immediately changing the vector of movement. Yesterday it was suggested that the development of the diagonal triangle may have been completed earlier, and the decline is the beginning of the formation of a correction. A further decline in the pair was supposed within the framework of the development of wave (2), but the pair began to grow steadily and reached the maximum set by wave [5].

To implement the proposed scenario, sellers need to urgently increase their activity, otherwise everything will turn into confusion again. It is recommended to enter into deals in the current situation only on a confident price decrease, in the area of 1.2200.

Investment idea: sell 1.2200, stop loss 1.2230, take profit 1.2100.