Despite Wednesday’s rally to 1.2350, the subsequent failure at 1.2363 earlier today followed by a drop to 1.2275 suggests the losses could be extended further to 1.22.
A break below 1.22 could revive bearish mood and yield a sell-off to 1.2080 levels.
A break below 1.22 could revive bearish mood and yield a sell-off to 1.2080 levels.
