Although the pair is moving in the expected direction, some caution remains. The past day in this regard did not show anything definite. Growth turned out instead of the expected decline. It can be seen as a correction, but if sellers do not stop their opponents, then the situation will need to be reconsidered.

For now, the decline is expected to resume, thus completing the development of the lead-in impulse wave. After that, there will be corrective growth.

In this case, a trading recommendation may look as follows: sell 1.2080, stop loss 1.2100, take profit 1.1980.