Breaking the pair into a higher timeframe the overall trend is still downtrend , now we see a confluence of resistance and a 78.6 Fib retracement around 1.23559. trendline serves a resistance aswell. break or respect of this line will make a difference. But now shorting it has higher chance of winning this trade.
SHORT @ 1.23559 SL: 1.24599 TP1: 1.22543 TP2: 1.21896
*Disclaimer : This analysis not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies and crypto currencies can be risky and potentially profitable opportunity for investors. However, before deciding to trade, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.