The nearest resistance for today is the strike level of the weekly hedge resistance area (1.2244).
💡 The next resistance on the last trading day of the current week is the level of market maker loss (1.2265).
In case a sell pattern forms in the price range of 1.2244-1.2265 we expect a corrective decline to the balance of the day (1.2220).
📌 In case of breakdown and fixation below the price level of 1.2220 the far target of the downside is the balance of the week (1.2145).
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💡 The next resistance on the last trading day of the current week is the level of market maker loss (1.2265).
In case a sell pattern forms in the price range of 1.2244-1.2265 we expect a corrective decline to the balance of the day (1.2220).
📌 In case of breakdown and fixation below the price level of 1.2220 the far target of the downside is the balance of the week (1.2145).
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