I see the price is not ready to stop trying to break through the level of 1.2082, in connection with which we can observe the formation of the figure "flag" (continuation pattern), which means that we can see another attempt of bulls to break the level of 1.2082. Soon this figure works until each next minimum is higher than the previous one.
If the price closes below the previous low, the model can be considered complete, and the price will go lower to the level of 1.1940
If the price closes below the previous low, the model can be considered complete, and the price will go lower to the level of 1.1940