The pair ended the last trading week with a decline. Most likely, this is an impulse that is part of a corrective pattern, but which one – it is difficult to say at the moment. Everything will become clear during further developments.

Until then, the situation remains favorable for the decline. The expected trajectory of further price movement is indicated in the screenshot. Consequently, the execution of transactions for sale remains relevant.

In this case, a trading recommendation may look as follows: sell 1.2070, stop loss 1.2090, take profit 1.1990.